It doesn't sounds like you have enough equity to do much since you would need reserves for two properties then.

I showed them the whole business model and spreadsheet...We ordered the Feasibility study and appraisalThen they gave me a Term Letter that states everything even construction cost analysis by their 3rd partyThats where we are atwe have a GAP of $2.7MWe came up with the strategy last night.. that at the very least we need $1.5M cash to pay a balloon payment by June 27 or it forecloses... the lord will not let that happen.So I have the green light from the Lord to talk to all the interested investors as He is opening up the doors of Favor

Pro's or Con's.Would you recommend a Single Story or Two Story?

we were only 10 days over schedule (we allocated just under 2 months) which is remarkable considering the various issues we encountered and the size of this rehab (we removed 4 walls (including a load baring), added 1 wall, added new bathroom, redid kitchen and existing bathroom layout, (new locations on shower, toilet, and vanity) removed a door, added 2 windows, new flooring throughout, and added an eyebrow porch.  

Investors discovered that funds from two major Nightingale deals were not placed in escrow accounts but were directly controlled by Nightingale's Elie Schwartz.

@Ben Lin, The two part reinvestment requirement is that in order to defer all tax you must purchase at least as much as your net sale (contract price minus closing costs and commissions). 

@Jonathan Baptiste It is too difficult to bill back people with rent by room style of house hacking, you will be unable to make it "fair" for everyone since some people take more showers than others, some people cook more than others, so how would you bill back those renters, or if one renter is gone for two weeks visiting family?  

We manage hundreds of our own doors, no third party. 

He couldn't be there the two weeks that the inspection would happen or she would no longer be low income, since he had a good job, and she would lose her free money (voucher).

Earning a living in real estate is difficult, which is why nearly 90% of all agents let their license go within two years.