Thank you Natalie -  so if I spend 75% of loan money renovating property "A" (the one that carries the new loan)  and 25% repairing  2nd property "B"  and the annual interest is $8,000,  I allocate the interest expense 75% to "A" and 25% to "B"  ---- rather than deduct 100% on property "A"

I knew that we could in theory carry both the mortgage payment on Fairhope #3 and the rent on Fairhope #2 if we had to, but I was hoping that once we moved into Fairhope #3, Fairhope #2 could be released to a new tenant rather quickly.

Last one to remember for an inexperienced auction property buyer is all the "fees" which many people don't accurately calculate or understand.Last thing I tell people is don't get carried away on auction prices and to make sure you understand the value of the property (including pre and post acquisition costs) against market value.  

And those days I didn't carry my my book or while waiting on line at grocery store or a passenger in car I just took practice exams on my phone again reviewing ones I got wrong.

Borrower carrys opened ended liability for borrower costs related to lender securitization of loan2.

That means we will have to carry it for at least 2 months without income.  

Assuming their GC can carry costs before they bill the lender.

I allowed for three months carry and paid myself interest on the money but didn't factor in the taxes (not sure how that will work exactly do they take it at close?)

If the park operates both wells (some do to side-step testing requirements) then you will want to be sure that each well could carry the park at full occupancy by itself.One thing to watch for on properties that operate both private water and sewer is the potential for sewage to get into your wells.  

Sean, before you get carried away with marketing hyping the wholesale side, check with your broker.