The house is a knock down on .3 acres in a prime location (12 min walk to NYC train) where a 4BR/3BA new construction will have an ARV of $950-975K (I have a modular builder to partner with).  

-Is the property located in a good area?  

experience, leverage, location...I did recommend to PoL that they provide WAY more details on the borrower's experience...I think randy and the co-founder jason is speaking with their devteam...

Sec. 301.7508A-1(d)(1), the term “Affected Taxpayers” generally includes parties that may have difficulty meeting the 45-day identification or 180-day exchange deadlines for any of the following reasons: The relinquished property or the replacement property is located in Presidentially declared disaster area;A party to your transaction has their principal place of business located in a Presidentially declared disaster area.

Both houses are located in downtown Belgrade, Montana. 

Yes this particular business has been operating all in cash in a bad location.

Very true, but then I am seeing quite a bit of competitive pressure on those ones.And since in the effort for independence, the location/city plays a key role (SEO), you lose all the work when you sell the property.

Try calling around to smaller banks close to the home location.  

He has verbally stated that he's open to holding the mortgages privately but hasn't sent us the property locations yet, just general areas.

These homes are new construction located in a dry area of Houston, TX that was not affected by Hurricane Harvey.