At some point, you can start to receive payments( flexible). 3) Partnership Interest: When a partnership or other ownership group sells an appreciated asset, they do not need to remain together to achieve tax deferral, as is typically the case with a 1031 Exchange.

Hey Lenny,Love to see that you also got the Real Estate bug so youngI recommend a BRRRR/house-hack for your first oneBuy a place that you can live in with a low downpayment, fix it up, and then you will have the option to 1) Refinance and live in it2) Refinance and rent it out3) Sell and do it over again4) Dont refinance and continue to live in it5) Dont refinance and rent it outYou will have a ton of flexibility and the safety of knowing you have a place to livePlease reach out via DM if you have any questions moving forward.

That has been a big thing.The easy way I think to say it is if you are a lender, agent, insurance person, you shouldn't be starting forum posts to elicit feedback in your industry or genre.

Be flexible and keep an eye out for opportunities, as they often come when you least expect them.

@Jake Andronico A reverse 1031 exchange allows you to buy a replacement property before selling your relinquished property, offering flexibility in competitive markets and deferring capital gains taxes.

Currently also a firefighter but I have more flexibility in my schedule than most  would. 

After considering some of the variables and running the numbers again, I'm looking at pulling a HELOC on the property as a way to hold on to the current property, but also have flexibility in investing in some other OOS markets.I do think Bend will continue to appreciate and grow as a desirable market so I'd like to hold onto the property (plus it has great cash flow!).

It gives you the flexibility kind of like a credit card that allows you to borrow a certain limit and withdraw funds as needed.

However, the high down payment and reliance on a DSCR loan could limit flexibility, especially with your DTI constraints.

My friend in Austin was telling me how he once lost track of funds because he used only one main bank account.. that got messy real fast.According to something I read in Forbes, many banks let you label accounts in a more flexible way.