@Barnes Stacey  @Michael Ewers  I'm a Realtor and Property Manager in Huntsville AL who specializes in working with investors!

However, it is possible to turn a fix-and-flip property into an investment property and qualify for a 1031 exchange if it is held for at least one year.

Purchase price: $400,000 Sale price: $449,000 Contributors: Peter Vekselman Partner Driven, alongside Matt & Penny Winfrey, bought a property on SE Blockton Ave in Port Saint Lucie, FL, on 8/29/2024 for $400,000.

The property and 2.

Having said that Minnesota does not have termites due to our weather so we don't do pest inspections, we don't require hurricane insurance, or earthquake coverage, but many but not all lake properties require flood insurance. 

As the new buyer, I would assume you walked the property and are familiar with how the "long term" tenant keeps things up. 

I own rental properties in one city and two of them had insurance claims in the last 2 years due to hail and tree damage.

Did purchase or refinanced this property during the ultra low interest climate a few years ago?

Im looking at properties to buy, and saw a tenant in a 4-unit property I like paid $1,000 in late fees.

The only use case I know of for SBA-backed loans to finance real estate is when a non-RE business owner-occupies at least 51% of the property, such as an attorney firm buying the office building where their office is and leasing out the units they don't use.