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

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

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

Keep in mind his financial numbers are only material when offering an investment.

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

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

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.