I ALWAYS tell the wholesaler to make sure they are transparent with the end buyer and their lender because MANY times if they aren't transparent about the double closing then the underwriter will catch it last minute and bring up the fact that the current deed holder isn't the wholesaler and that will kill the deal many time.There are some underwriters that don't catch it and things go smoothly.Then there are some conventional lenders that aren't familiar with the process and think it's fraud and won't lend on it.So sometimes I inform the wholesaler to let the end buyer go direct with the seller, do a single closing, Increase the purchase price by the amount of the wholesalers spread and put the fee on the SELLERS side of the HUD because the lender WILL NOT pay for the wholesalers fee, but if it's wrapped into the initial AB contract (now between the seller and end buyer) then the wholesalers spread isn't brought up, it's merely a line item on the SELLERS side HUD and nothing to do with the conventional lender and it will close "100%" of the time because it's a normal ordinary closing to that lender then.

And as long as you own it you'll continue to defer the taxes.You have to use an unrelated 3rd party called the qualified intermediary to process the 1031. 

More than a little frustrated with the changeover process with my PMC. 

Hello everyone,I'm in the process of deciding the best course of action for selling my property, and I could use your collective wisdom or experiences on this matter.

For that reason, I’m in the process of selling it and will continue LTR in Indy, just not STRs near downtown. 

The process that is accompanied with registration ( different filings with the city) is very tedious.

Leverage, how fast they can close, interest rate, origination, processing fees, etc.

I think you will find that the process for STRs is pretty similar as the LTR space, but the underwriting on getting financing for them can get a little tricky. 

Be willing to retool their processes.

A 3br/3ba luxury apartment near a major university.Rent was $2950/mo and it made me $1600/profit per month.With two units and within 2 years, I was making $4k/mo in profit from 2 airbnb’s I didn’t own and I only started with $10k.I replicated this process until I brought on a business partner and hired a full time operations manager and we scaled to a 17 property portfolio between rental arbitrage units, management deals and properties we bought.I did this strategy in my early 30’s and I’m 33 yrs old now.