The owner died in 2020 from what records I can find.

That is the best course of action.

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

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

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.

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.

Hi,I'm in the process of selling one of the properties that has decent equity. 

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

Hi Geetha,The NCREIA meetups in Raleigh and Charlotte are a fantastic choice—they attract real estate operators at every level, so you're definitely in the right place to build connections!