How much will it cost to renovate?

@Andrew Hogan, again, I respect I may be talking apples and oranges here, but the value of 506(c) is primarily to GROW a database of potential investors.  

It costs so much to sell a property and buy another one, and is such a hassle, that if I were in this situation I'd strongly consider just paying the special assessment and keeping a property that's otherwise great.

I would like to focus on SFR/MFR in markets with appreciation potential.

I have an inherited tenant that I was putting up with because although her rent was always late... she did pay and I wanted to avoid the turn cost and headache of getting her out.

Your gain / income on the sale would beSales price less cost to purchase the lane, less the cost to build the property, less improvements less costs to sell plus the depreciation taken on the property.Whether the gain is ordinary or capital will depend on whether you are classified as a dealer.

Specifically, I am looking to track the projected rehab cost of each unit, cash flow from rented units, first lien costs, general partners and limited partner returns.

However, I'm not sure which route is best.Option 1: Equity PartnershipIf he provides the full $230K, I cover closing costs and manage the property, and we split the cash flow 50:50, that would give us each $960 per month, $11,516 annually.

Hi, I've seen several posts on how FM condo rules potentially affect the selling of condo units.

If you skip using a new loan, you avoid the costs of origination and high interest rates, It works well for our clients in Phoenix and in CA.