Makes sense and aligns with what I've been told by a CPA/EPA I'm going to potentially use moving forward.Let me ask you guys this:I can BRRRR this house and put around $30k cash in my pocket on the refinance (as long as appraisal comes back normal which we all know how that can go.)

What's the foot traffic like?

Is this the normal process?

The mortgage broker I was working with was receiving friction from one of the normal lenders they worked with, who stated that the subsequent clause was for deployed service members; however, there is no mention of what defines a particular future event.      

If he wants to just be a GC on the job then he could bill the job his normal rates but then he should give up the upside of the project.I have a 50/50 partner on my flips and BRRRs, I bring and/or find the money, handle admin and legal while he uses his construction company to do the rehabs.

I dont know the reason but i assume it was so they wont lose it.Now my question is, is there anyway I can take out any more equity loans in the house so I can renovate fully and sell for a much higher price, can probably pull 3.5 for a fully functional higher end house.Is this even worth perusing or should I not touch this with a ten foot pole.Thanks all, looking forward for your expertise

@Leon Meytin2)since i also have 15k in negative passive loss, and I am not a real estate professional and AGI is >150K, i can ONLY offset other passive investments, such as sale of stockSale of Apple Stock(or any other stock) is not considered a passive activity.You normally can't net passive and non-passive activities together.

I am not proud of it, but I can't be bothered to fix it either - not normally.

I didn't know if it was normal to use the contracts I'm used to or if people were having their lawyers write something up specific. 

It is encroaching past your frontage which if I processed a permit to install the service the City wouldn't normally allow, but as an existing condition there isn't any specific issue allowing it to remain.Generally it's not likely that any of your proposed improvements would be immediately adjacent to that PL anyway, so leaving it in place likely presents almost no impact to your proposed development.