This is done to ensure that the property has been stabilized and to mitigate risks for the lender.Since there are various lenders and loan programs available, it's critical to connect with a knowledgeable mortgage professional who can guide you through the refinancing process and help you understand the specific seasoning requirements of different lenders.If you have any further questions or need additional clarification, feel free to ask!

You agree to buy at a specific price within a specific amount of time. 

I wonder if I should be more specific as to the dollar amount in equity I have available.

@Mica MooreThe answer is "it depends" no one on the forum has enough info to give you specific advice.  

I would recommend consulting with your insurance and then getting your lawyer to draft one specific for your property.  

@Jason Yang do you have any specific questions or did you just need a referral? 

It's crucial to understand the state-specific regulations regarding like-kind exchanges, as some states may not recognize or fully conform to the federal provisions.

I don't lend in NY (we do investor loans in most of the country and consumer loans only in FL, but we do nothing in NY), so I don't have a dog in the hunt here, but don't discount other types of loans, including a loan designed specifically for flipping.

I specifically like Detroit and own 12-doors there myself.If you can take on some negative cash flow or if you aren't looking to go max leverage on it, I'd recommend staying as close to home as possible.

You should consult an attorney or CPA for your specific situation.ANONYMITY: When you create the LLC, your name is recorded on the documents and published on the Secretary of State's website for all to see.