And right now rates are at multi-decade highs after a rapid run up, so the wounds are not only fresh, but the bleeding hasn’t been controlled yet.Mistaken Identity:  If the syndicator on the panel says he prefers floating because he can borrow capital improvement funds, he is talking about bridge debt, which happens to have a floating rate but isn’t the primary characteristic nor the reason people use it.  

Lenders have a million different takes on this type of loan, so I’d take everything with a grain of salt until you’re able to talk to one :) hope this helps! 

Now, for my learning if you please, does it make a difference that i "materially participate" in the business?

We are seriously considering this to decrease inheritance tax as shares in a property are considered differently in RI for inheritance.

This is why you can have two similar buildings with different tax bills. 

My daughter is a scientist, my dad was a fireman - they are very different professions and very different people. 

Every state is different and section 8 adds an entirely new element to this. 

The 203k Endorsement Summary Report shows how many 203k's each lender has done in different geographical areas of the country. 

My piece of advice would be to learn the difference neighborhoods of Jacksonville in detail.

I think house hacking neighborhoods will depend on your price point and level of comfort in different neighborhoods.