If you own the properties free and clear and you want to ull cash out within the 1st 6 months of being on title, then you limited to the Delayed Financing rules with Fannie Mae.

Then once you are working on the deal, you'll continue to update the numbers to make sure you are tracking.Good you are getting GC costs, but make sure you get all your soft costs, insurance, architect, CE, MEP/S, soils, environmental (Phase 1) if needed, condo map completion, dept. of real estate condo map sales process costs, etc.My observation at this point is that my ability to guide you through the process via BP posts will be very limited.

I’m here to ask the experts which route I should take, if any.Basic details about me: I’m 34, recently married and no kids but planning to within the next 2 years(this detail is just for you to know that I don’t have much restrictions on moving aside from commuting)I currently own a coop in Yonkers, NY with roughly 50k in equityI am willing to invest in the tristate area but if I have to live in the property I have to limit my distance to Bronx, Westchester and Connecticut.I also have enough saved to buy a 275k property with 20% down or the max allowed with an FHA loan (this is without having to sell my coop)I have excellent credit which will qualify me for loan without an issueThe way I see it I have 3 options in order to get started: Sell my current coop, buy a triplex in a worst neighborhood with more TLC needed, and move to into the property for at least 2 years to qualify for an FHA loan.

Different policies provide coverage against different causes of loss (perils). 

I have limited knowledge of buying a portfolio. 

Consequently, without recapture, you could realize no economic loss in buying and selling the machine for $10,000, and yet reduce your cumulative federal income tax liability by $1,960 ($3,960 saved as a result of expensing, less $2,000 tax on the gain). 

Basically, I have a set limit that I can’t go over, and I only pay interest on the amount of credit I use, when I use it.

Your dead equity alone is costing you a loss of $2083/month in opportunity value alone. $1850 - 50% expenses - $2083 = cash flow.

Definitely changed the way I see real estate, business and it helped shatter my limiting beliefs at that time.

Indeed every month of vacancy is 8.3% loss in annual rental income.