Within my 20 years of experience, owning 30 properties and managing over 300, I've found that the question always comes down to this: Can you do better than the rate you're paying—either by saving more or making more?

This skill will come in handy when your clients are freaking out and stressed.

& how you become financially free is by letting whoever your renting to (I'm guessing that was a step also?)

They would get that $500K tax free and the rest of the tax would be deferred in the 1031.A very elegant solution that puts $500K tax free in their hands now. 

My budget is in the $200-250K range.Please feel free to let me know if additional details would help, and thank you in advance for your time and advice! 

I really like LLCs compared to corporations because of the free stepped up basis for passing property to my children. 

Don’t stress about perfection—choose what feels right and move forward.7.

It's an education that Harvard, Yale or Stanford can not provide and it's FREE! 

The biggest lesson learned was managing stress.

Would help if you stated what questions you had so people could reply right away.I have knowledge on HELOANs but not direct experience.