Originally posted by @Brian P.:In

The adjuster tried to pin "unoccupied home" on this.

There must be that for the structural repairs, the common areas etc.Not having that set up, could get ya in trouble where you will have to form it, unless you are going to combine the PINs back and make it an apartment building.

I'm willing to do that if they will give me a minimal draw to pay my bills during the rehab phase, and give me a materials deposit.

Construction Phase will be interest only payments on the amount we draw for up to 1 year then I will refinance.

;-PIn Maryland (Baltimore County, and others I'm sure), you can receive partial payment, and at court you just state your "amendment" of receiving X amount of the payment.

@Bill Exeter   I only use national banks to accommodate draw requests from my JV partners.

Just saying a 1031 is not always the best option but there seems to be an initial draw toward them in thinking of deferring taxes.

You can always go to your bank or credit union and draw financing in either case ... if it makes sense - a matter of doing a little math.

I've finally got him pinned down into just his unit finally.