Thanks for the tip!

If you have recommendations or tips that might help us start on the right foot, I’d love to hear from you.

I've replaced specific details with 'xxxx'.Terms of Payment (interest only): On or before March 15, 2024, Borrower shall make a prorated interest payment for the month of March 2024 in the amount of xxxx per day beginning on the date of execution of this note through March 15, 2024.

I'd like to slowly move towards the investment and property management to hopefully replace my W2 income, slowly but surely. 

@Abigail KingStarting a first house hack in Peoria, IL involves researching, education, financing options, and management tips.

I like that baseline seems like a good replacement for Quickbooks, as well.In regards to having multiple accounts, I’ve been told that Chase is a bank that allowed for this, but I also don’t trust that Chase wouldn’t be taken out with the other banks failing, so I don’t know about using their accounts, either.If you happen to come by a bank you would trust, I appreciate if you’d share. 

The best way to position yourself for a successful 1031 exchange is to be as proactive as you can when finding your replacement property.

Here are some tips for hiring a PM:1. 

My understanding is that in order for Investor A to use the 1031 exchange to defer taxes, he has to purchase replacement property and not use those sale proceeds for his other properties -- or quite frankly, anything else. 

If you’re feeling stuck, one tip that might help is connecting with wholesalers or local real estate agents who specialize in off-market properties in Huntsville.