A reserve is unnecessary, but I still keep around $15,000 - $20,000 in my account.The point is, that you should sit down and assess your finances to determine what the worst-case scenario may look like, how much you would need to cover it without impacting your life, and whether you will need to build a reserve.

What type of property and what type of financing are you getting?

Do you have a lender that finances these for you or is it all your money/investor equity?

The local market has a lot of opportunities, especially if you’re looking into multifamily or creative financing.

A 1031 exchange doesn’t apply, but funding through a self-directed IRA can defer taxes, though profits from debt financing may trigger UBIT.To reduce taxes, consider forming an LLC for better expense deductions, offsetting gains with investment losses, or holding the property for 12+ months to qualify for lower long-term capital gains rates.This post does not create a CPA-Client relationship.

The metrics are different due to the financing benefits from being <5 units and corresponding down payment requirements.

Any tips?

For example, even if I liquidated by bitcoin just a month ago, it would have lost 50% of its value.I understand this is not easy, but this is the creative financing forum so trying to think creatively here =) If you expect the gains to continue, why get out of Bitcoin?  

If losses strain your finances, selling might be the best move, but optimizing rental income or tax deductions could make holding worthwhile.This post does not create a CPA-Client relationship.

@India H.When you're diving into real estate investing, especially through auctions, it's essential to have your financing and structure in place.