Turn the property into "condos" and sell the units individually to the occupants or other investors.

Chris...I believe this is in the circumstance of loans made to individuals where the loan is securing a primary residence, correct?

I printed out a standard letter, but hand wrote the individuals name at the top "Dear Mr Owner", hand signed each one at the bottom, and hand wrote the address on the envelope.

We were able to itemize instead of taking the standard deductions on our individual tax returns while it was our primary residence, by deducting mortgage interest, taxes and qualified improvements, but then learned the power of the P&L and taking business deductions against the passive income to offset our tax liability.

I'm considering creating another document that is completed individually to collect this data.

@Andrew Y.It depends on your loan whether you are creating a portfolio loan for both  properties or two individual loans.Check other banks for better rates.  5 years is typical in my area and amortization is either 20 or 25 years.Check with the bank if you can roll it back into a new 5 year loan.  

A GC, or individual subs?

What makes a self-directed IRA custodian different is that they are not purely connected to the public exchanges and limited to investing in stocks, bonds and funds, but rather have the staff training and paperwork to document the IRA's investment in the more individualized transactions that occur when investing in real estate, notes and other non-traditional assets.

I mean i know you generally want to exit at a higher cap.Otherwise, 100k increase in value is a pretty good indicator to sell if you want to exit!

I lease the rooms individually to veterans.