And in every case the 1031 was not the audit trigger. - Good motivation to keep your nose clean otherwise!

This property still has Mortgage Balance so I am aware of the Due-on-Sale clause may get triggered by the bank.

Recently I've decided to pull the trigger and commit.

Hello,My name is Steven and I've had interest in real estate for awhile but never pulled the trigger thinking I needed a decent amount of cash to get started.

I am looking at buying my first property, but before I pull the trigger I want to make sure that I check and ask all my questions.

Visited couple of houses in Bonaire/Bal they are 1940/50s built and market looks warm.Before pulling the trigger, would like to get inputs from the community on few points1.

Contact some local investors and property managers and pick their brain to see what strategies and price points are profitable so by the time you are financially able to make a move, you will hopefully already have a few properties to pull the trigger on

We know our own area well, and can almost always find deals that we'd like to pull the trigger on, but until we accumulate more cash, we can probably only purchase another $100-120k in property before we slow down and wait for our debt snowball to catch up (pay down the HELOC and eliminate the cheapest mortgage to open up standard financing options again).Here is the conundrum: Another local long term rental (or two) would be a great decision, BUT a beach house sounds like a lot more fun.Specifically, we are 2 hours away from Panama City Beach, and we are curious to get into a new type of real estate.

@Samuel Pawlitzki@Brian RowlesHello Brian,Congrats on getting your ducks in line and being so close to pulling the trigger. 

The place has appreciated but the main reason I pulled the trigger when I did were the numbers seemed safe.