And then sold it on owner financing to the new neighbor who thought it was part of their property. 

MattIRA sells and owner finances the property for 200k and gets 30k down payment.

Just a tip - make sure you don't just look at the current property taxes. 

While there's no strict requirement to match the original mortgage terms, reinvesting the full proceeds without financing or using leverage to enhance returns is key.If you don't reinvest the full amount, any shortfall ("boot") will be subject to capital gains tax, and depreciation recapture may apply.This post does not create a CPA-Client relationship.

You'll only worry about loans under your name as you reach 10 properties financed under your personal name.

On the initial agreement, it clearly stated that the buyer was going to be using financing and listed the terms of their financing

What is required to obtain real estate investing independence is the following1 - TRUE education in real estate (1) principles, (2) law, (3) finance.

You may be better off refinancing with a cash-out mortgage and then financing the new property.   

Hey @Raven Ye Mahar, so you should call the city and make sure but if you are renting it long term, you shouldn't be on the hook for any of the occupancy taxes.Nashville has a STR Occupancy Tax - https://www.nashville.gov/departments/finance/office-treasur...In the end, I would just call the city and get the deets that way. 

I’d appreciate any input you can offer on everything from financing to construction challenges.