So if I were to go the OZ route with the example 1M gain it would look something like this:B/C CA is "Non-conforming" to OZ, PAY THE CA PORTION OF THE TAX IMMEDIATELY -- ABOUT $105k   (i.e. pay by 04/15/2022)- TAXES ON REMAINING GAIN DUE TO IRS about $345K.- Those taxes will be due 12/31/2026 (pay by 04/15/2027?)

Got a couple questions about the rehab portion on the HUD in a delayed financing scenario and how it would affect the subsequent cash-out refi that hopefully y’all can help me understand:1) does the work have to be performed by a contractor (similar to how an FHA 203k loan requires this) or can you do it yourself,2) does the scope of work have to be line-item’ed or is it just a bulk amount for the whole shebang,3) in the event that the sun, stars and the moon all aligned and Mercury just happens to be in retrograde in the rehab actually came in under budget (say, $30k put on the HUD for the rehab and it came in at $25k all said and done), is the excess amount returned or just what happens in that scenario?

For example, at Builders Trust Capital, we don’t charge application fees but may ask for a portion of the attorney’s fees upfront when dealing with a complex loan.

If not based on the partners portion of receivable rent or equity stake you could take out a partner buy out loan.

I don't know your market but in the Quad Cities, a 7.5% cap rate is pretty typical for small and medium sized apartments. 

That’s why I have a minimum note size of $400,000 that I will invest in, and I prefer $1 - $4 million.On another but related topic, I have owned, or my company has owned over 650 notes over the last 20 years.

Older double-wide mobile on nearly 6 acres of land that is mostly forested and amongst 9 other properties about the same size.

A key factor is going to be whether or not your window sizes are standard or not.

You can also look up median rents in any city with census data but I believe that is a inclusive of all housing types, sizes, bedroom/bathrooms, etc. so I wouldn’t use that to analyze a specific deal but not a bad option when analyzing markets. 

If you don’t have a lot of experience or first time doing one this size I’d bring it help so you aren’t missing anything.