I feel like I need to stay local (Greater Cincinnati OH)2-4 units.  

  $6.25k feels manageable, so I compared the rent vs purchase numbers.  

In a 1031 exchange, does the replacement property need to be more valuable than the total sale price of the deal I sold (including other investors), or just my individual portion of the investment?

Practice analyzing deals, explore surrounding markets if NYC feels too competitive, and stay persistent, closing your first deal takes time but is well worth the effort.Good luck!

I feel like I can figure it out on my own.  

If you’re able to dive deep or work with someone who has boots-on-the-ground experience, the returns can be very rewarding.Good luck with your journey, and feel free to reach out if you’d like more insights or resources on Detroit!

There are a bunch of great investors who are more than happy to share and network (including myself). 

@Kevin Wood: Fixed Asset Management module is included in the QuickBooks Accountant version where you can calculate the depreciation.

My second house was under contract before it was even listed, but the combination of my GC disappearing and having to restart the permitting process for the carport in March right at the start of Corona lock downs dragged that out and eventually feel out of contract.

If you’re just getting started in real estate, feel free to reach out – I’ve been coaching a new investor in the Houston market for a while and am happy to help you however I can.