Way cheaper to retain a property manager than to give 50% equity and then have his money tracked back to paying down a loan on your primary. 

Yes completed the inspection and if you build a few major repairs needed (2 new HVAC systems and the retaining wall).

@Steve DudeckTwo requirements to avoid all tax….1) the price replacement property must be greater than the sold property(less actual selling costs)2) you must use All of the cash proceeds from the saleAny retained cash is “boot” and taxed.

@Elaine LeeYou’ll actually want to thoroughly consider the information provided here as you may want to retain the right to punt your renter ASAP.

It's a great option for investors, as it allows you to quickly pay down your principle, while retaining access to equity for 30 years!

If the answer is “put a handyman on retainer” can someone please give me some basic advice for going about setting up something like that?

I'm always eager to learn and retain information.

That would leave us with around $70k liquid cash.We rent an apartment month-to-month until we find a good duplex to purchase (ideally within 1 year).We house-hack the duplex until we accumulate enough cash to buy a SFH for ourselves (3-5 years).We retain ownership of the duplex and rent out both units.In my mind, this approach could "get the ball rolling", considering we can't afford to buy an investment property with our current circumstances, nor would we be able to for many years.What would you do if you were in the same boat?

This is because the property is what is securing the loan, not yourself and that means certain areas have homes that retain their value better than other areas.

I Downloaded the Alexa app on my phone, and the Kindle app, so every time I buy a book at amazon in kindle format, I can ask Alexa on my phone to read it to me.By listening the book while you read it on the app, you can concentrate more, retain more, and keep a longer time focus on it.