Hi all,I'm sure some have heard of the properties being built by Clifton Homes:Location: 9440 N Adrian AveThey are a fully vertically integrated operation (prop mgmt, construction, and financing).This is their deal:Cash in:  $50K6-8 months later:One time refinance to put a long term mortgage on it at or around 75% which gets your $50k back + 16%.

That is the best course of action.

The rest of the house was not much better and the damages by far exceeded the deposit.

It was an up front payment to receive the modeled layout of the home, and they had an individual go to the house to do the mock ups.

The biggest signs you are a procrastinating newbie:1.)

Thank you so much1) Is it allowed to have two 1031 exchanges from the sale of 2 rentals in the same year? 

These allow you to bundle renovation costs, and if the post-renovation value meets 20% equity, you may be able to avoid PMI.

I would greatly appreciate your input on this matter.Here is my setupPurchased property under a TrustLLC in FL owns the TrustHolding company LLC in WY owns LLC in FLI purchased the property sub-to, took over the seller's mortgage and I’m working on setting up insurance for the property.I understand I need to keep the seller as additionally insured in my insurance, but the seller no longer has "interest" (ownership) either in the Trust, nor any of the LLCs nor in the Deed nor Settlement Statement.

Wondering if it is worth amending my last few years taxes to change all of those purchases of appliaces from depreciation to expenses to avoid future depreciation recapture upon sale.

Quote from @Nevin Wilkie: Hey everyone, I am in the process of rehabbing a property I just bought, and I am now ready to get flooring.