You don't want to pay $300-$500 for an appraisal if it won't help... and could possibly hurt.Make sure you know which value (ie. purchase price or appraised value) because that has a huge impact.

Does this impact the remodeling and resale plans I have for the property?

Since the house will grow with or without a mortgage, any equity you currently have in the house is, essentially, earning no interest.

Not to mention, the depending on your niche, things can change quickly.The first question I'd have for you is, what would be the impact of you quitting your job and being out of whatever industry you're in?

He's retiring, essentially, and just wants to be done with it.That said, our current plan is to fully rehab one of the units and then approach the college and find out if they like what they see enough to sign some kind of contract...whether they want to buy, lease, etc.

Be safe.I'm thinking the new construction situation will have less impact this time around, because the volume is significantly less than at the the peak.

I think that is the essential question.

What i know doesn't matter at that stage because their real life experience trumps everything im reading they are essentially way ahead in my view .

Essentially, this means that you must have the intent to hold all of the properties involved in the 1031 Exchange for rental, investment or use in a business.

I know it's hard to offer such service of mentoring because in some cases the mentee is looking for the get rich quick, but there are some us who are looking for the real deal which makes it hard to find a good mentor.I for one is looking for a mentor and I know time is valuable so I will not negatively impact anyone's time as I don't want to waste mine.