- Any payments made on the note will be recognized as income for you and subject to capital gains tax - Interest accrued on the note will be subject to ordinary income tax rates in the year you receive the paymentsHow to navigate around this1. 

The rate is pretty good though and I might have to move for work related reasons and if thats the case I’d love to keep the NACA loan at its rate without refinancing.

Just kept it in good condition until it was time to rent it out, and made sure to refinance when rates bottomed out.

Is the property currently being taxed at the 1% owner occupied rate or is it already a rental being taxed at 2%?

You can also buy in cash and refinance out in a couple years when rates (in theory) go down.

Then you could buy now before competition becomes crazy again and refinance when rates come down.

Plan on 1031ing into it purchase price of 11m with about 3.5. down. 8% cap rate @ a 6% rate. 

Then you could buy now before competition becomes crazy again and refinance when rates come down.3.

I continue to pay large amounts to principal from my person funds each month and also all the rental units .. according to my calulator i used this will pay off the first mortgage very quickly, twice as fast as the Heloc because the interest rate is very low.   

Bad publicity and ratings will cost them a lot more than a plumbing repair