Quote from @Brendan Winans: I Made My Largest Single Profit to Date: $250K in 12 Months on a FourplexEarlier this year, I closed out a value-add fourplex that generated a $250K profit in just over 12 months.

Life/safety obviously should have no limit.

If you’re switching PMs, confirm who the county recognizes as your official representative before the court date.

He owns CALM Investments and operates out of Phoenix and Tucson AZ (at least at this date).How long has he not paid you?

But there is something to be said about the simplicity of a single policy, renewal date, premium, etc. to manage. 

You need to be within a limit that are safe and habitable. 

Including the gain during the time it was a rental.However, since the property was converted and is being sold as an investment, you would have to recapture any depreciation and leftover tax over the $500K/$250K limits.

Always run the numbers in detail and don’t limit your sources when searching for a property.Best of luck to you, Trevor.

I left a message as I'd like to see the memorandum, and it is promising 21% returns over a 4 year period with limited shares available, and other "promises".

Construction loans are different from financing rentals where the lender’s involvement is often limited to collecting annual financials, tax returns, leases, and insurance renewals.