If the checking account was interest bearing and made more than $10 in interest for the year, that might cause a 1099-int....but perhaps not given the account type?

Currently, I have 2 properties:Property 1:Triplex (3/1 + 2/1 + 1/1): market would bear $300 increase in rent possible value added on 2 units.Purchase Price: $270,000Mortgage Debt: $195,000CMA: $400,00025% down: $67,500Equity: $205,000 CoC: 25%Property 2:SFR (4/1): Purchase Price: $219,000Mortgage Debt: $180,000CMA: $265,00015% down: $32,850Equity: $85,000CoC: 20%Total Equity: $290,000Option 1: Sell current properties as part of a 1031 exchange, use money as down payment for commercial residential property valued around $1,000,000.

Not to derail my own thread but I can't help myself - is that a koala bear you are holding?

Hence, Pearl Harbor.There's many reasons why we need to keep our right to bear arms, but the original intent was the best.

And that business can certainly be RE -- whether development, rentals, notes, etc, if you have a trusted management team running the business, there are generally ways you can completely extract yourself from the business.Sure, the business could fail, the stock could tank, and you could be left without financial independence, but again, that can happen with govenrment-backed interest-bearing securities as well.

I don't sell wholesale, I re-sell for what the market will bear.

Bear in mind that I am list maker who finds great satisfaction in marking off goals/tasks.

My question to you would be are you planing on staying in Ames after graduation?

Hope you didn't leverage up your RE and buy Bear Stearns when Cramer said they were sound a week before their collapse.

The same thought process applies: rarely does everything go perfectly, and you will bear the costs of the mistakes/surprises once you close.