You triggered a "Hot Spot" with me you rascal you!

In any event, possession alone is not sufficient under the Act to trigger a supply by way of sale since such possession must be made under an agreement to transfer ownership of the property.C.

Dry crawlspace. 

The 1031 Exchange allows you to diversify, consolidate or reposition your portfolio without incurring capital gain taxes, depreciation recapture taxes and triggering other taxes like the Medicare surcharge. 

Water is corrosive, air can be too, paint will dry in there and be a nightmare.Just my .02

I have posed the question to our senior underwriting staff regarding if a customer of ours moves the property into an LLC after we closed a loan, would this trigger the due on sale clause?

We are also interested in investing out of state, we have primarily looked in vacation areas and we haven't actually pulled the trigger yet.  

You were asking too much time of an already busy person, especially if he has the impression you will never pull the trigger.

So we only want to do this if you are ready to pull the trigger on a property in the next few months.You have a 15 day window to have your credit checked for mortgages by as many lenders as you want with no penalty to you.  

My wife and I are looking to pull the trigger on our first home.