Sometimes the homes we buy to live in don't become the best rentals and your money can be used better on a different asset, especially in Denver. 

That's a great way to put it.Hi Guys,Yes, that will be the move, I already know and have sketch of 2 ways to do it, I didn't want to get into a crazy rehab now, till I make sure my contractor is a team player and he will be able to do so, my idea is to add SF and create a master sweet, let's see if the numbers work fist, this is something I will do after the property is stabilized, I think I can get my capital back and some more with the 3/1 layout now, I will keep you posted!

At the same time, many of these “investor friendly” lenders operate like robots without the ability to adapt to the situations that arise in construction lending which makes the construction administration process far more difficult than necessary.

You can always recover lost money, but you can never get your time back...and in REI, time is truly money.

It's hard to not make money on your rehab efforts, but remember you get to keep a property that hopefully cash flows, has loan pay down, tax benefits and appreciation.

Rather than take a complete loss on the uncollectable debt, can I take the assigned debt, make collection efforts and upon failure to collect declare the loss to offset the capital gains?

The Qualified Intermediary that you select to support the Exchange is important and price is just one of the factors to consider.Happy to make an unbiased recommendation if you’re looking for more options.

He told me he had inherited the property from his dad and was using it to "make tiny houses".

@Johanna Valencia If you're looking to scale the portfolio, I'd suggest getting into another multi, somewhere within a manageable distance as to make it easy for you to manage, but also find something in which you will be able to fit your family.

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