Additionally, these attract a lot of inexperienced buyers who started in the single family or four plex space who are trying to go bigger. 

FINANCIAL CONTRIBUTIONS:1.1 Party 1 Responsibilities:Party 1 shall contribute to the partnership for the down payment, closing costs, and construction costs for renovations and additions.1.2 Party 2 Responsibilities:Party 2 shall independently pay the mortgage until both properties are rented, oversee construction and renovation, manage both rentals, and handle bookkeeping during construction.2.

Debt if used responsibly is a valuable tool but to say debt will always multiply returns is the wrong message to spread in these forums where there's a ton of readers who are inexperienced investors and will fall for the trap of following your flawed approach to originating debt.If you need additional help understanding how debt works in real estate, please send me a DM and I would be happy to help you out.

If you don't get any additional feedback, you should be able to call the City of Phoenix Planning Dept and assess the overall process, timeline, fees, and feasibility fairly easily.

Penalties:Misdemeanor of the first degree: This can result in a maximum imprisonment of one year and a fine of up to $1,000.Civil penalties: You may also face additional civil penalties depending on the specific circumstances.Permitting issues: Local permitting authorities might withhold final approval, revoke the permit, or pursue other actions against you, maybe not give you the CO. 

Exactly and all of that plays into the price you're willing to sell the additional frontage for to allow for the new lane.

Granted there are also additional financial burdens not reflected in the credit report. 

Most correspondence lenders will not want you to in addition get a fee.

In addition to my role in mortgage underwriting, I also own a duplex, which has significantly fueled my interest in the real estate sector.

In addition to the original profit plus the added profit from your replacement property.Good news is that the 1031 can keep avoiding taxes even through death.