For example, I hate to sell anything, but I am selling two properties to raise funds for a new primary that meets my goals.Study the market and really lock in what it will rent for.

Bathrooms: Especially the primary bathroom!

Similarly, the sale ($575K) minus your adjusted basis determines your capital gain.You may qualify for the primary residence exclusion (up to $250K single/$500K married) if you lived there 2 of the last 5 years.

Things definitely change once you're married but if you don't have any kids and your wife is open to it you may want to try finding a duplex, triplex or quadplex to buy as a primary.

Quote from @Jimmy Chao: I am weighing some options to help my younger brother buying his first primary with a fixer.

Here’s a bit of background on my current situation:I own one rental property that generates $1,900 per month in rental income, and it is paid off ($300K).My primary residence is also paid off ($288K).I’m currently building another rental property with cash ($200K).

Take advantage of the Capital Gain deduction of $250,000 in primary residence per “spouse”.   2.  

80% on primary and 75% on investment property I believe.

If you want to manage your own properties, I would highly recommend buying within an hour of your primary.

Are you looking for a primary property for yourself and house hack?