My wife read online that if you use 1031 to purchase an investment property in NYC that as far as houses are concerned, you can only purchase a multi family house and not a single family house or houses.

Purchase price: $52,000 Cash invested: $14,700 Sale price: $127,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Mike Vasbinder, successfully completed a fix-and-flip on Turner Dr, Blairsville, PA 15717.

His intent is to totally gift the property to his daughter as her inheritance. 

The problem with a refi appraisal is there is no purchase price the appraiser can target, so they will always be more conservative and aim low.Bottom line: I would absolutely invest in a mini-split systems.

Purchase price: $128,900 Cash invested: $50,000 Sale price: $310,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Ron Rowan, successfully completed a fix-and-flip on Wren Ct, Griffith, IN 46319.

I started as a realtor so I also had to wait two year for better reported income to purchase.

However, sharing your intentions with your realtor can be beneficial.

Purchase price: $295,000 Cash invested: $10,000 Sale price: $400,000 Contributors: Peter Vekselman Partner Driven, in collaboration with Harvey Boyd, successfully completed a fix-and-flip on Crossfire Dr, Covington, GA 30014.

Then over next 2 years you pay down the remaining 70% of the purchase price?  

I would want that question answered before purchasing anything.