We probably have $7,000-$8000 in it and essentially just used it to store construction materials in we use on our other properties.So, this house was never "held out" for rent, is going to net such a small amount it wouldn't be worth doing a 1031 exchange and may not even be eligible for one.

After all, Chloe Eudaly who uses low income people emotion to wipe out small owners, becomes a winning child to the City and State who successfully generates more revenue from and for the big players.

On the other hand, with FHA, there is no PMI, but the rate is higher (the PMI is essentially built into the fixed rate) ... so, there is no way to remove this higher rate and keep the loan... the only way is to do a refinance when they have 20% equity in the property, but then they would get whatever the market interest rate at that time is on the refinance, which very well could be much higher than today's rate (which they would get to keep in the conventional finance scenario).

All of them have essentially perfect payment history going back the last 2 years, with very minimal maintenance requests.  

Do not beleive any title that is on a business card that you do not know for sure is accurate until they prove to you that they are real and trustworthy to you and your goals.Planning is essential to be worthy of what you are doing.

You are buying a property that if done by a quality provider has a very solid rehab done, essentially a new home in most aspects. 

I recently wrote another forum preceding this, essentially introducing myself.

.), or that they will just build a wall around our property and finish converting and developing the land around us into commercial entities.We said we were fine with them building around us (with the bet that we will be bought out at our price eventually (possibly even higher due to the fact that pretty much everything around us will be commercial property and generating revenue (restaurants/mall/stores/etc...))).Now I'm asking, if you were in our shoes, what would your game plan be?

Under that state, enter the costs, either as a % of revenue or a $ amount, that correspond to that state. 

Essentially they tell us that, " yes it made $2k last month but since there is no signed lease nobody knows what it'll do in the future".