They are not expected to be precise as so many factors can change them, many of which out of the control of the contractor and sometimes out of control for both contractor and homeowner.

That way you retain your ownership in exchange for the interest given up on the 2nd loan.  

Sounds great about to do a 1031 exchange and will be looking for rentals.

Well explained , thank you so much, I didn't know about " the non recourse lender", that's awesome , 50% of my portfolio is in 10 y arm, which by than , I will sell them or 1031 exchange, but my cash flow is greater, I do send money to the principal as well.Thank you again for the great explanation

A huge tax bill today can be offset significantly if you can hold on long enough to do a 1031 exchange, which MAY be possible once you hit the one year mark, check with your accountant. 

In exchange for delivering articles with great content I would like a chance to network with some members of the team at BP and grow my network within the community. 

Then within 180 days of that date you sell your old property and do a regular exchange to complete the purchase.2.

Not a full on property manager, but someone to keep an eye on things for you in exchange for compensation.Hope this helps, wish you the best brother.

I found a deal and will 1031 exchange into a STR in Pacific Beach, so I am hopeful  I will be able to get a permit in the coming weeks.

To say this is "ridiculous" fee in exchange for $28,800 - $90,792, that statement stands out as the most "ridiculous" item to myself.