Account Closed words of wisdom -I would wait and see what the new tax bill looks like before I converted.

Use those gold bars of wisdom to your advantage. 

Hi, Charles, I'm rather new here, but really liked the question because it showed such wisdom in how REI is not a space you should ever try to Go-it-alone in :) Networking and mentors and coaches, etc are vital, so I thought I'd respond. 

@Andreas Mirza - As mentioned it was fully my intention to record the loan, but also wasn't sure if this was the norm and standard practice so I just wanted to double check, with the wisdom that can be found on BP :)I have also already checked with the bank doing the construction loan and they are okay with me having a secondary loan on the deal, so long as they are in the first position, which I assured them and my lender that would be the case.Part of the funds will be needed at closing to cover the downpayment required by the bank and to get started on the work, so I could have this go to escrow.

It's nice to see there is a community of like minded individuals to network with, learn from and share wisdom with.

Conventional wisdom and layoffs at Apple.

Lol thanks all for your advise and words of wisdom!

I'm going to listen to everyone's wisdom and pass on the deal if I can't get an inspection first to hedge my bet.

It's like getting advice from folks- everyone has a different opinion, and I take everything I can get from people and combine it into wisdom that I can apply to my own life. 

I think we could combine with either of the properties effectively or we could assemble all three parcels.Sure could use some wisdom here, we know this is a great deal even if we decide to build it for our goals, if we can get above $400/SF we then have a big start on buying an existing MF building with existing cash flow etc.thanksjeff