That process created more unnecessary work and several issues for not only the members of the LLC but also for the states’ regulatory agencies.

Rates are similar, you can get interest only payments so your monthly payment is lower, and the loan doesn't go on your credit report so you can continue to invest in other properties without running into DTI issues.

I'm kicking myself because I was having some technical issues with the format when I tried to update the lease document in MS Word.

2@Mary Chen, @Seo Hui Han I think your issues are going to be more with the lending than any 1031 restrictions. 

We need to go from the 70-80 building permits (per the planning dept) issued a month from 2019-2022 to about 15 to 20 per month outside of true owner occupied or LTRs. 

Most of the multi-family units in Jacksonville that I think are in an area that I would feel safe are in riverside/5 points or San Marco.The issue, I think, with Jacksonville is that the supple of Multi-family units is low which makes the pricepoint of them higher.

Did you overpay or is it a tenant issue? 

The issue is that you won't get to capitalize on existing equity (ie, getting a 'good deal on it') for being able to maintain some existing capital. 

The issue with HELOCs right now is that the rate is around 9-10% which will seriously eat into the profitability.

They would furnish it, enforce strict rules, and cover issues under $600.I'm curious about increased foot traffic and liabilities—if something major happens to a guest, would I be responsible?