My personal interpretation:mortgages on the building you use as your own office or your own warehouse - 100% to qualifymortgages on the rental properties that you had leased out prior to Feb 15 - 80% chance to qualifymortgages on the properties not yet placed in service by Feb 15 (as in HML case) - 20% chance to qualifyI would not advise my clients to take this chance if they have an alternative way to qualify for forgiveness.

@Nakia AddisonThere are a lot of rules before you can get the benefits of investing in a qualified opportunity zone.1.

If you purchased that property primarily for resale (fix n flip) then it does not qualify for 1031 treatment. 

@George Vigil I don't think I'm qualified to provide the level of feedback between the options or the market.

Also have someone who's done it before in that same city analyze your numbers, because if you are using a realtor to find the deal, a general contractor to do the work, expensive short term loan to finance, then there will likely be very little profit left.As far as the re-finance, whoever is qualifying for the mortgage goes on title.

See what qualifies as abandoned in your state. 

You already said he wouldn't qualify to rent the place if the insurance company wasn't paying, so then you'd have someone staying there that couldn't pay and you'd be forced to do a long drawn out eviction (assuming evictions have resumed by then and no additional moratoriums had been put in effect). 

Start here:  what is your qualifying criteria? 

IF you can find a duplex for 150K (in Phoenix) and IF you qualify based on credit score, employment history, etc  and get a good interest rate you should plan on having 25-30% of the contract price. 

I think non-qm (non-qualified loans) are a good option for self-employed individuals and real estate investors.