If piti is $1100 and rents range from $1000 to $1200, conservative underwriting would use the lower of the rent range, we have $1100 rent - $1000 PITI - $120 PM  - $50 (vacancy) - $300 maintenance/cap ex - $50 misc (tax man, asset protection, book keeping, utilities that are not tenant responsibility such as for a slab leak, etc) is about negative $420/month. 

Asset growth rates, rent growth rates in these markets far outpace the middle of the country, and its not even close. 

Overall my portfolio is too real estate heavy, I have more than 50% of my assets in real estate and I just generally think that's not such a great idea.

It sounded like you were viewing this from afar as a numbers game and not at all attached to the asset and Easton, which is a great area.

Improvement exchanges are really complicated, and in my view unnecessarily risky for this type of asset.

Since I don’t have many assets or a lot of cash on hand, I’ll need to be creative and strategic.

Understanding the IRS Section 179 Election to Expense Depreciable Assets is crucial to making the most of your tax strategy.This provision allows taxpayers to expense certain qualifying assets upfront instead of depreciating them over a period of years.However, there are several factors to consider when using this tax tool.Let’s break down how it works:What Is Section 179?

Vet some PMs, tell them your situation, and get a very qualified one to get you out of it.Going forward, either learn how to detach yourself from this nonsense or enter an asset that does not require human interaction.

If you really need to buy another asset, consider a heloc for $200k of equity cash out and use that as a down payment for the next asset.

I would be coming in through an LLC, so feel comfortable with liability protection as it relates to other assets, but still, will be on title, so there is exposure.As a real estate guy I'm still in growth mode and am having a hard time swallowing the dst pill.