A property manager can be a great asset for regular check-ins and updates.

Accelerated depreciation, taxable income forecasts, and running various numbers/scenarios.Point is that tax planning/financial planning is not the area to skimp.   

If we had gone with more optimistic assumptions then it would have been a very disappointing year financially at least.Every market is unique. 

You don't necessarily need to replace it with exactly $140k in debt, as long as the total purchase price meets or exceeds your sale price and all the proceeds are reinvested.Using Proceeds as a Down PaymentYes, your $300k could absolutely serve as a down payment on a larger property, like a $1.5M asset, depending on your financing.

Absolutely, it's clear you've put thought into your real estate journey, and your aspirations for financial freedom are commendable!

On the other hand, investing in some repairs (if financially feasible) might significantly increase the property's market value.Remember, each property is unique, and what works for one might not work for another.

And where you'll see cap rates go up is in the older assets and smaller markets.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

Very brief summary of article: CTA has a issued a nationwide Stay on the January 1, 2025 deadline for beneficial ownership reporting to the (Federal) Financial Crimes Enforcement Network (FinCEN).

Balance Sheet shows all Assets, Liability, and Equity.