This approach allowed us to move quickly and efficiently, ensuring the project stayed on track.

Secondly, these loan officers are frequently on the move either because the banks are acquired/merge or the staffers believe another bank has underwriting policies that will lead to more originations for them. 

You need to make sure the policy/coverage you get is designed for this use and not a standard homeownes policy.The Lawyer and the town can give you an idea of the Modifications you may be required to make due to:- ADA compliance- Fire Code Compliance- other Laws/Ordiances that may be triggered when you move away from a Residential to a Commercial exposure

Can I move security deposit into a brokerage account or should it stay in the original business account?

This approach allowed us to move quickly and efficiently, ensuring the project stayed on track.

With you already having the property; or atleast a few units approved, for Section 8, what is your thought process on not using Section 8 tenants moving forward? 

. * 6 month comps - this is usually a good rule of thumb in a typical stable market, but can be somewhat confusing in a faster moving market.

We believe that the collective knowledge and insights from this community can be invaluable in helping us navigate the complexities and opportunities in this field.We are particularly interested in:Understanding the key challenges and best practices in new construction projectsLearning about effective project management strategiesInsights on securing financing and managing budgetsTips on choosing the right locations and marketsExperiences with regulatory and zoning issuesNetworking with potential collaborators, contractors, and service providersIf you have experience in new construction or are currently involved in such projects, we would love to hear from you.

My plan is to move out in two years after I qualify for the possible capital gain tax exclusion so then I can either decide to keep it for 3 additional years (or maybe longer, and forgo the exclusion)and move the home into a LLC.

The place is newly renovated, and I was expecting it to be in turnkey condition since they said it's move-in ready.