With these extra items however, we feel that 50% fairly captures their unexpected nature while still allowing for our rehab plans to be possible" or similar.

I am a professional chef of 15+ years and I am looking to get out of the restaurant industry and into the real estate industry.

Did I capture that correctly?

I have learned that referrals are not always true and I need to vett the individuals/realtors out properly and better.I have also learned that I need to breakdown my designs into a format spreadsheet report that captures all associated costs related to details in the beginning stages and not wait on my realtor to ask for the report.

My concern is i may not be capturing all needed to give me the truest information. 

So in the future you could refinance the rental to take out tax free money to pay down your primary residence to accelerate this even more, or sell the rental to capture the equity in it to pay down the primary residence.Regardless of your choice- refinancing would probably be in your best interest on one or both of the properties. 

So we see a lot of 1031 investors exchanging into properties that have greater depreciable basis so they can really capture the full value of depreciation.Capital gains and depreciation both can be deferred in a 1031.

Capture the liquidity/equity of the asset, buy another property with it, and keep the original property.

If you buy it right, you are also capturing equity when you buy it and not just hoping the market goes up.

The Index captures price movements across a variety of goods and services and is generally considered a wider-ranging measure for inflation as it captures changes in consumer behavior and has a broader scope than the Labor Department’s consumer price index.