I'm getting married in the next year and starting a family, and we plan to move out when that happens, which means that even if I went through the permitting process now and was granted a rental permit w/the town, I knew that ultimately I was going to find myself screwed when the time came to get a renewal on it (every 2 years), and I wasn't able to prove that the property was still owner-occupied.

I am now living here for a year per the loan agreement but I am ready to move out and get it rented.

The land market here has really taken off over the last 10 years.

It does not matter where in the country you are, or what anyone tells you, if a residential GC has been in business for more than 10 years their gross markup is 50-100%.

Nothing long term though max 2-3 years.

PML and the other lending sources typically have different programs they offer that are less strict on underwriting but that additional risk comes at a cost of usually lower LTV, higher rate, higher points, and shorter duration (think 9-18 month loans instead of 30 year loans).  

Hello everyone,I came across a deal for ~50 units of small warehouses (each 700-800 sq ft) and leases are around 1 year each. 

I've read a lot of posts about amending prior years tax returns, and filing a form 3115, but I'm still unclear on if it's possible to retroactively take 100% bonus depreciation. 

@Brad Stegall My wife and I own two duplexes in Peoria which we purchased over the last year.

I have about double what you have and would never in a million years think about doing it without PM.