I think a lot of people get stuck on the 203K, but there are options for renovation loans that are Conventional, VA, and USDA in addition to the FHA 203K and real estate investor loans (ground-up construction, flip, and DSCR).

So the 85k property would be 43.5% of the 64k cost basis plus 43.5% of the additional $44k you invested during the exchange.

Should I buy a second policy for myself in addition to the one for the buyer?

I want to serve a notice to quit for the damage and also for nonpayment since I have not received rent yet this month.

Without this info I can’t tell how good/bad the idea is of just selling the two properties for $1.1mil trying to net $1m and receiving almost $5k/mo in risk free interest from the bank.

Additionally I've been reading there are compensating factors for FHA loans, I'm wondering if I can show more liquid assets (already putting 20% down for this purchase) so I could get a faster approval without all the other detailed information such as leases.Thank you in advance,~David

With this being my 10th door, I have a separate account for additional expenses.

There are also additional costs of operating and maintaining an LLC, like separate bank accounts, annual report filings, tax filings, etc.2.

I cant believe we were denied since SD was receiving unprecedented rain during that time 40 days straight of rain.

I went through Allstate and got a policy with Tower Hill for my FL STR's - it was the most affordable of all the quotes I received.