I’ve been chatting with a fund manager about our performing notes.He asked a question I hadn’t heard before...Would we be willing to buy any loans back if the borrower goes 90 days delinquent?

Having a small loan on the house I talked with my banker and was told that moving the house would not effect the loan as long as the house stayed in my name.  

I found out very quickly that Philly was really a block by block situation. 

A "reorganization took place, one of the families left the group in exchange for the insurance proceeds and the property then had 4 owners (and 4 cottages)2000:  I bought ($42,000) my parent's share.2000-2010:  I bought the other shareholder's shares (total $300,000), leaving just me as the sole shareholder2017:  Elected to file as S corp.None of these transactions were properly recorded.2022 1120S tax return (2023 is on extension) shows:$0 income$15,000 Land (sched L, line 12)$122k Loans from me($189K) Retained earning$93K cap stock($46k) Sched m-2I have no idea how we got to these amounts.Does any of this make things easier to understand and easier to get me out of this capital gains problem (or does it just muddy things even more)?

Any thoughts how to avoid these types of situation like reverse rental payment?

Second, many of the strategies are particular to my situation, like a cost segregation study.

I am coming up on completion of the repairs, and am really trying to assemble a game plan on how to go after my next property.Here would be my ask from someone in the community:Would anyone be willing to take a look at my current numbers/situation and give feedback on what some potential next steps could be to go after another property?

I cannot wrap my head around the cash out refinance portion of this situation despite my tireless efforts.

After the year, you can move back to your current house while keeping the FHA loan. 

This is the situation in Reno, NV right now the cash flow is not huge like in the Midwest but the appreciation is strong because there was limited new construction over the last few years.