So, if you have a duplex where each unit has exactly the same square footage, and you live in one and rent the other out, then 50% would qualify for the 121 Exclusion and 50% would qualify for 1031 Exchange treatment.

However; that should have been able to have been resolved without surveying, through the local planning department.Your agent needs to talk to the other agent and inform them that you expect their clients to close, and if they don't they are in danger of being sued for non performance.Situations like this is where Brokers/agents earn their commission, let yours know you expect them to do it.

Thus far, it looks like most hard money lenders are charging between 4 and 10 points...wondering if others have had any luck in getting lower points...If points are non=negotiable, I'd likely borrow the minimum and use my cash on hand to keep financing costs in check.Other items to note include we have excellent credit and have a large amount of equity in our home of 10+ years.

I've been listening to them non stop since I discovered them about a week ago!

The building has a single tenant medical practice in a rapidly growing community.

@Morris Lucas,Offer the seller $2000 cash upfront non refunded if they let you put it under contact and that way they know you are serious.Joe Gore

He reiterated that if I could come up with the answer to how taxes work for non-owner occupied homes then we could continue on.I understand that taxes depend on a person's entire portfolio and if the seller has owned the property for many years then depreciation comes into play, but is there any general information people can share on taxes on non-owner occupied residences?

I've been talking to sellers non-stop making offers, putting up signs, doing direct mail.

Many lenders, including myself are not going to even try to distinguish between residential homestead and residential investment property - we are just going to stick with commercial property where the borrower can't later move in and have his attorney claim we made a non conforming consumer loan.Casualty of excessive Government interference in the market.

I have a non-traditional idea for real estate investing.