HelloWe recently purchased a property through 1031 Exchange and the title is with our Revocable Trust (Trustee my wife and I).

It is also not an option to not renovate as she came with the house when I purchased it and absolutely trashed the place. 

If you find you are unable to raise the money for an all-cash purchase, switching gears to Fannie will only work if you have a LONG time to close in your PSA or have many extension options (which usually require more hard earnest money.)

All of which, I’ve purchased within the last 4 years.

I purchased a townhome in Fort Mill, SC (Lancaster County) in July 2023.

Deal 2: Duplex (older home that needs TLC in good location)Purchase price: 120k, Rehab 40k, Total all in: 180kExpected Rent: $2,400/month to $2,700/monthDeal 3: 5 Plex (is that even a word?

Additionally, young adults are living together with no intention of marriage.  

Any amount you purchase less than you sell, or any amount of cash you take out is considered to be profit. 

Delavan has come a LONG way recently and prices are shooting though the roof both for rents and to purchase. 

I seriously looked into purchasing a few years back in Valencia but decided ultimately the US had more potential.