@Jon TedescoDoing a 1031 isn’t out of the question....but would also like to create more liquidity depending on what the tax burden would be.

Great mass mailer product!

Running a syndication is a business and you have the responsibility to deliver a good product to limited partners.

Purchased this property from an investor with a portfolio looking to liquidate.

Purchase price: $67,000 Cash invested: $2,300 Sale price: $90,000 Purchased this property from an investor with a portfolio looking to liquidate.

@Dave E.

The rule is that you must have acquired (constructed) unit B with the intent of holding for productive use. 

Fannie Mae generally requires lenders to obtain a two-year history of the borrower’s prior earnings as a means of demonstrating the likelihood that the income will continue to be received.However, a person who has a shorter history of self-employment — 12 to 24 months — may be considered, as long as the borrower’s most recent signed federal income tax returns reflect the receipt of such income as the same (or greater) level in a field that provides the same products or services as the current business or in an occupation in which he or she had similar responsibilities to those undertaken in connection with the current business.

The FNMA product used to be a no-brainer because of the rates, but now you can get a 30-yr fixed rate, 30-yr amortization in an LLC.

This is a separate loan product from conventional (Fannie Mae and Freddie Mac loans).