The amount held for cap-ex really does depend on a number of factors. 

The rates are held for the life of the loan.

The intent has to be held for rental, investment or business use in order to satisfy the Qualified Use requirement of the 1031 Exchange. 

If you don't delead within 90 days, you can be held liable for any lead poisonings that have ever happened at the building, even if it was before you owned it... and even after you delead it you would still be liable for previous issues because you didn't do it in the 90 day deadline. 

@Chris ReyesHow is the title held now?

To date I hadn't held a property locally.

Like I said, if you for some reason held Title in a legal entity like a LLC then you’d have to go with commercial lending.For residential, generally the conventional loan is your only long term option when you don’t occupy it.  

Similiar to your AD status, you will be held to a higher standard. 

He said that NC law requires a spouse to sign a deed for the transfer of real property even though title to the property is held in the name of the other spouse.

I manually entered all the names and addresses and they printed/shipped them.As far as the list, I narrowed it down to properties that were owned outright and had been held at least 7 years, then I narrowed it down by location and what I thought would have older sellers.The deal ended up being a retired real estate agent in her 70s or 80s and just wanted to cash out.