Got a call in to a couple today just waiting to get a call back.

Please break it down for me. 

Such a short timeline doesn't give you any real margin of safety since you get out of debt, then right back into debt shortly thereafter.This depends on your current interest rate though.

Thanks y'all for jumping into the UpState Forum!  

@Stewart J berry tenants may not regularly seal granite, wipe up dark liquids fast enough or use trivets and cutting boards — think raw chicken soaking into your counters — so we’re fine with laminate countertops, hygienic and cheaper to repair/replace if damage occurs.

I'm thinking about doing (my first) 1031 exchange into a 4-6 unit property.

Follow-up question: if I hold the property after having bought it under the LLC's name, wouldn't I be subject to commercial rates instead of consumer rates when I go to refinance the construction loan into a permanent loan?

We want to get into a NNN or lease situation but are unsure how to proceed.

Don't forget to take into account additional closing costs for the next transaction as well, as I'm assuming the purpose of the no prepayment penalty is to refinance if rates improve.

I hope someone with experience can help.The property is a 3-bedroom, 1-bathroom house according to public records, but the current owner converted it into a 2-bedroom, 2-bathroom about 10 years ago without permits and updates to the records.Questions: I'm planning to use a conventional loan.