By default, the Mortgagee is both the one that lends and the one that has an insurable interest and therefor both descriptions pertain to “Mortgagee”.Which is preferred: Traditional Banks always only require they be listed as the Mortgagee whereas Hard Money and or Private Money; it’s 50/50.Now, you’re probably wondering in what instance would someone be listed as a Loss Payee but not Mortgagee- well, let’s say someone lends the property owner money in a non-traditional fashion - we can chat more about this later -whether it be for the property or for something else, doesn’t matter, and the borrower uses the property as collateral.

No debt means that's $157,500 non-taxable to you.

I built our service for the average investor vs the big corporate types ones. 

@Don Goff might be able to provide the services you are looking for.

Secondly, the property itself has had a lot of non paying tenants in the past so for me personally, not sure if that local neighborhood is really a winner for me.  1031 exchange requires you to replace the property within a certain period of time and i just cannot find anything in that short window. 

Mods, if this is in the wrong area please move or delete.I pay for a monthly service that gives daily updates to the mortgage market, specifically how MBS are trading and market influences that sway pricing.

If it involves any need to extend the line or relocate a connection etc, then no it's not reasonable and I'd expect to hire someone to do it...ideally the service provider's crew. 

There are many ways to purchase a property, your IRA can take out a non-recourse loan to cover the difference to let your IRA own the property 100%.

Non-renew a side neighbor and then expand your space by combining 2 units in to one.

I can see him waving the builder fee and providing free PM services as valuable.