It follows up with realtors I’ve worked with before, so I hear about off-market deals before they hit the MLS.

After extensive clean up and rehab these two rentals generates $1,700 per month.

The property was occupied (still is) with 1 tenant that I am now having the exhausting pleasure of evicting. 2yrs later, said tenant continues to try every angle to delay the court granted Marshall’s execution.The “2nd” floor was poorly renovated (bad contractors), new tenant moved in and a year later, another eviction process has started as they lost their job and refuse to move or pay.Stuck with a very large mortgage bill (that I am paying), utilities and making small repairs to keep the property up also noting the casual 311 complaints from both tenants. 

Great agents might follow up on this, and 1 out of 100 lenders share some of the info with both agents, but that is rare.I guess as a FSBO you could try to prompt it. 

My question is can we create a LLC for her and Dscr refinance our current property into it to free up my dti?

Unlike a 1031 exchange, it gives you more flexibility in timelines and reinvestment options:- You typically have two years (sometimes up to three) from the end of the tax year in which you receive the insurance payout to reinvest in a similar or related property.- There’s no requirement to go through a qualified intermediary, as with a 1031 exchange.3. 1031 Exchange: A 1031 exchange is also an option but is generally less favorable than a 1033 in involuntary situations.

Purchase price: $160,000 Cash invested: $45,000 Ended up buying the property after getting to know the owners who were cleaning up when I went over to ask them permission to cut down the leaning branches toward their roof.

You own it so that is a good thing, but if you bought it for 165K and it will take 75K to fix it up you are not in a great position to have a great ROI.

I also suggest introducing yourself to the host and setting up a Zoom or coffee - there is zero doubt they will be a great source of information for you.What are some of your very specific goals for 2025?

I have an interesting situation with a now former tenant that has come up.