Feel free to reach out with any questions.

Between lender fees, appraisals, and interest, it feels like a big chunk of it has been eaten up.

Alternatively, your sibling might use a 1031 exchange to defer taxes by reinvesting in like-kind properties, though this doesn't directly fund a primary residence.Other ideas include leveraging a HELOC on the rental properties for the down payment, taking out a 401(k) loan, structuring an owner-financed agreement, or a lease-to-own arrangement.

I’ve been involved in real estate investing for over 30 years, so if you ever have any questions or need guidance, feel free to reach out.

I feel as-is, I can get around $120k after cleanup and some minor repairs.

That hard work includes making the investments that the current owner hasn't made (nicer kitchens, new flooring, fresh coat of paint, etc.), removing tenants and marketing to new tenants.

If I can replace the bathtub with a shower, I'd be able to make the bathroom feel larger.  

Also make sure to consider all the aspects you can including the tax differences. 

Plus, they provide great opportunities for cash flow, especially if you’re looking to scale and reinvest profits into future properties.If you’d like to connect or chat more about strategies, deals, or even market insights, feel free to reach out.

This was the first property I ever purchased so I have a lot of equity and I feel like it could be better used.