I have no issue with the points and fees, but can they perform for you or are you going to end up stuck with a hard money loan and rate you cannot get yourself out of?

Now, one last thing... if the item(s) that are damaged are brand new, the settlement may end up being close or exactly the same in the case of either RC or ACV... this is because there is essentially little or nothing to depreciate.

afterall who knows more about the performance, condition and track record of a property than the PM. who has been managing it the past several years??

I am brand new to the world of real estate and have come to see that it is very broad but full of opportunity and real potential , I have trouble with two things at the moment.

The primary LLC in this example would be the one that you use for business marketing and direct mail, basically your branded LLC.

Can you perform a double closing/ simultaneous closing/ double escrow?

How are you performing your MFR search? 

I'm brand new.

Chris the equipment unless brand new has nominal value.

In probably less than two years, you will likely be in a position to refi, combine with the savings you have generated over this time, move out and repeat and have a great performing asset on your hands.