When these sItuatIons come up you must have the abilIty to bIte your tongue and rIde it out .MIght as well Make Money On Them While They Are There .

Most where value-add situations in which I was able to help with the "full picture" so to speak by giving them estimated purchase cost, value-add cost, after-repaired value, and estimated sale price. 

Single deal raises are easier to “sell” because we can clearly articulate the situation.

But I believe their standards for DTI would be too strict for my current situation. 

It's an odd situation, so I'll not go into too many details, but I will chime in that you should absolutely understand your options when it comes to getting work/service in small towns.

I'm considering approaching the lender about a deed-in-lieu-of-foreclosure, given the 7-figure difference between appraised value/loan balance, I'm hoping that would be a solid last resort.Keen to hear if anyone has been through a similar situation and whether there's any other creative solutions I should consider. 

I guess my big questions are if there are any residential MF in the Aurora area as I do not have access to the MLS and if it is possible to create a house hack situation there.

Hello all,I have a crazy situation and wanted to see if anyone else has dealt with this. 

I am looking to purchase a multi-unit within the next six months so I would like to shed some light on this topic before I get into something that might not be ideal for my situation. 

However you'd be out the LLC filing fees in the latter situation, so the LLC would appear to be disadvantageous if viewed solely through the lens of income tax compliance.If you're looking to avoid tax I'd suggest you read up on a "like-kind exchange" aka a "1031 exchange".