You are then getting 30% discount on your expenses as this is before taxes.You should put your rentals in LLCs for asset protection.

These are asset protection busters.

To my knowledge, there is no legal restriction that can be placed on an asset post sale by the seller.

Greg it will depend on the portfolio of the bank and how many performing versus non - performing assets on the books.The bank might not want to refi that type of product with too much of that type of asset class non-performing on the books already.They might have too much defaulted commercial all together.For value add plays typically occupancy is an issue.The lenders will want certain occupancy levels obtained for at least 3 months depending on loan type and typically stabilized for 6 months to a year or longer.If you buy an apartment building at say 50% occupancy using a hard money lender or private money and the going vacancy rate is an average of 10% then the lender wants 90% occupancy averaged out over time.When you refi you will only be able to go up to a certain percentage to cash out or can just convert with no cash out to the lower interest rate.Regular banks do not lend usually on sub par occupancy levels for the area.They see it as too risky and the say 60% occupancy can quickly go to 30 or 40% and they have a foreclosure or short sale on their hands taking a loss,plus inspection reports,attorney fees,appraisal and environmental review etc.

I feel that it is time now to start building assets instead of incurring more expenses.These things being said, I have hit nothing but brick walls with regard to getting financed.

He bought underperforming assets, worked very hard to stablize them.

Another agent has a short at an "approved price" that has fallen thru 3 times (I don't know the reasons) and the asset manager is looking for any offer to get rid of it.

Each state has the authority to enact its own legislation governing commercial transactions, which means there can 50 different laws governing a certain type of transaction depending on what state you are in.

You should need to understand the difference between privacy and ASSet protection.

You can use that decision as an argument that it should be the same way in your appellate district, but this is known as "persuasive authority" not "controlling authority".