For an initial “back of a napkin” calculation I would request an offering package from the seller or broker.

On the flip side commercial properties need a lot of initial know how but they can pay off big time down the road.

• Any structures you didn’t initially consider but ended up working well?

Initially, I thought that I could get the property FHA conforming  by adding a fridge and a shower.

Hello @Ben Gradert,We've completed over ninety 1031 exchanges, and my initial conversations with clients in a similar position to yours always include the same question you're asking: sell, cash-out refinance, or 1031 exchange?

I'll have to play with it some more, but from initial glance it looks helpful!

Now, I would say that your initial lender does an appraisal (usually) so if their appraisal is off when you refinance - that's an issue. 

Initially, I was worried about keeping track of all the various taxes.

yes . but I have already initiated the process to convert it from LLC to My name .because the I need the loan to refinance. 

Initial listing was at $305k, dropped today to $289K AND a $2K agent bonus.