Chicago winters can be harsh, so we're curious if anyone has had a good experience using a heat pump with an ancillary heat strip for those extremely cold days when the heat pump can't keep up.

When using a 1031 exchange, the replacement property must be used for investment or business purposes, so even if it doesn’t generate income immediately, it’s important to show that you intend to rent it out.

and, if you're borrowing a 25% down payment with a HELOC at 9-13% interest, and using a loan at 6-8% for the balance... that is very, very expensive. 

As for the construction of the park, the plans will be put out for bid as a negotiated job upon completion, and we will be using a third party, general contractor to perform the work.

I understand there’s some nuance state-to-state in terms of deed of trust usage vs. using a mortgage for the second lien position (our investor in this case).So that we can arm ourselves with the most knowledge going into discussions, could anyone advise what the setup process actually looks like here?

Using a 350k house to produce 3500-4500 income before all the fees is not an good investment.

It's been a while since i posted anything.  I'm currently the owner of a couple long term and a couple short term rentals.  My second long term was just purchased via a 1031 exchange after selling our third short term...

SELF-SERVE OPTIONYou may decide that it’s not worth using a servicing company and may opt to do all the services yourself.

If you are using a PM they will take care of all of this for you. 

We have a specialist do that and they are relativley cheap, but it still adds up.So we have started using a very similar grey carpet tile in a few new houses last year for the basement, both finished and unfinished areas.