I am still with the same old Robert title 1 management company which you recommended (which is acquired by Pure Management company).

Typically it will cost a point but it’s better than hitting maturity and then have default interest kick in.

If the 7% has no points and the 6.75% has 1 point in cost, then you would have to go back to me and ask me what paying 1 point in cost would get you as a rate, and that number might be 6.5%. 

Excavation is very costly!!!  

Today, 7 years later,  I have 37 doors and real estate is my full time job managing those properties.I doubt anyone can tell you exactly what course you should take… but if real estate is your goal, my suggestion is to go find your local real estate investment group that probably meets once a month and start rubbing shoulders with everyone there.  

It can also increase the time it takes to approve or deny an application.Application Costs: Requiring all adult occupants to apply can increase the application costs, which may be seen as an additional financial burden on the prospective tenants.

Are you currently self-managing? 

I'd be happy to help you with that and also run you through closing costs here in the city of Chicago as well.

The 30% structure ratio doesn't cover cost of replacement of structure/building and really limits my depreciation.

Your portion will be deducted from your proceeds.To your question, however - if somehow you managed to avoid paying the taxes and closed without the taxes accounted for, then the new owner would have to pay all of them or would have a tax lien placed against the property.