If you aren't requiring background checks for someone simply because they aren't a citizen, then you shouldn't require them for people claiming to be citizens.Treat all people equally.

Almost all also mention that the spreadsheet never equals reality.   

It’s a bit complex, so working with a 1031 exchange expert and a tax advisor is crucial to make sure everything is done correctly.

However, it's crucial to verify with the specific lender, as policies can vary.Regarding recording a lien, if the lien is recorded, it formalizes the debt and provides legal protection for the lender, which might be required by your private lender.

The IRS typically requires the same entity that performed the 1031 exchange to continue owning the property to maintain tax deferral.To avoid any unintended tax consequences, it’s crucial to consult with a 1031 exchange expert or tax advisor before dissolving the LLC or making any distributions.

However, since you’re buying into a shared building, it’s equally important to request maintenance records and financial documents from the condo association.

Thomas S. that is so disgustingly brilliant that I am equal parts appalled and in awe!  

**Home Equity Loan or Line of Credit**: If there's enough equity in your other rental properties, you might be able to tap into that to fund the auction.Act quickly to explore these options, as timing is crucial to secure the deal.

The calculation typically uses 75% of the property's gross rental income (as determined by an appraiser) to account for potential vacancies and maintenance costs.Monthly Payment Calculation: The total monthly mortgage payment includes principal, interest, property taxes, homeowners insurance, mortgage insurance premiums (MIP), and any homeowners association dues.Test Requirement: To pass the self-sufficiency test, the calculated rental income must be equal to or greater than the monthly mortgage payment.

As others have said, delegation is crucial to growth.