Here's some principles that helped me get a great CPA, and subsequently helped me get financed on my first commercial loan.

For this purpose, the adjusted basis for determining loss shall be the lesser of either of the following amounts, adjusted as prescribed in § 1.1011-1 for the period subsequent to the conversion of the property to income-producing purposes:(i) The fair market value of the property at the time of conversion, or(ii) The adjusted basis for loss, at the time of conversion, determined under § 1.1011-1 but without reference to the fair market value.

While I do think that there are a lot of reasons to remain cautious and underwrite as if there will be an adverse cycle during the life of any asset acquired today, I think the long bull run in income property has a lot of runway left in a lot of geographical areas.Your family is smart to save some dry powder to take advantage of opportunities, but I suspect that if they are waiting for a reset of pricing and an opportunity to buy at a discount to today's pricing they'll be waiting a while.A key difference between you and your dad is you have a lot more time to make your money back if you get into the market and subsequently get wiped out. 

"Indoor/outdoor living" is the concept of putting in a huge sliding glass door (the size of a whole wall), for instance, that would, when open, combine a background and living room into one free flowing state.Market research indicates that renovations, and subsequently, "indoor/outdoor living", are very popular right now.For a personal perspective, would it be worth it to put these types of products in a Class B home, in a Class A or Class B neighborhood?

Subsequent deals should become easier to finance.

By doing so I've subsequently bought better.

Hi @Monique Rene Coates.I'm not sure I understand...Are you saying: 1) You had a mutual understanding with someone that you'd be paid a set fee for referring a buyer to them; 2) You then referred such a buyer to them; 3) They subsequently closed on a transaction with this buyer;  and, 4) They then reneged on the verbal agreement and paid you no fee?

Section D1-4.1, Information Relating to Transfers of Ownership Applicable to All Mortgage LoansD1-4.1-01, Determining Whether a Transfer of Ownership Is Permitted (11/12/2014)[...]D1-4.1-02, Allowable Exemptions Due to the Type of TransferA transfer of the property [...] to [...] a limited liability company (LLC), provided that: the mortgage loan was purchased or scuritized by Fannie Mae on or after June 1, 2016, and the LLC is controlled by the original borrower or the original borrower owns a majority interest in the LLC, and if the transfer results in a permitted change of occupancy type to an investment property, such change does not violate the security instrument (for example, the 12 month occupancy requirement for a principal residence).Note: The servicer must notify the borrower that a property transferred to an LLC must be transferred back to a natural person prior to any subsequent refinance application in order to meet Fannie Mae’s Selling Guide underwriting requirements.

You are not likely to find the startiing bid or subsequent bids at all.

Here's my list of HMLs I recommend in our area:Hard Money LendersInvestmark Mortgage - https://www.investmarkmortgage.com/ – Paul Starnes SF Lending - https://www.sflending.com/ – Bryan Batson Emerald Dolphin Enterprises - https://emeralddolphinenterprises.com/ – Taylor Weakley