You do have to purchase at least as much real estate as your net sale if you want to defer all tax.TICS are generally cash deals. 

Purchase price: $98,500 Cash invested: $15,000 owner financed on duplex, bought from a friend of the family. hopefully many more to comeHey @Jeffrey Eschbach, welcome to the BP Forum!

If there isn’t significant equity capture at this purchase price, and it’s not in a great location, this would be a pass for me.

The last house I purchased was $227,500 and we put down $85K. 

Where I'm at, nail holes to hang objects are considered normal wear and tear.

I don't know if this is for you, but my husband and I have mentored quite a few investors in Canada and helped them purchase their own multifamily. 

Our plan is to purchase again with a better mindset of turning that into a profitable rental.We have diligently completed all the necessary steps and are on the verge of signing a management agreement with a property manager.However, we are experiencing some doubts.  1.

Quote from @Nick Cooper: I’m looking to purchase my second long term rental and I’m wanting to know if 20% down would be possible with an investment property as I’ve been told 25% is minimum. 

I have used HELOCs for probably most of the purchases of the properties I own. 

@Caleb Brown -Thank you--the place was purchased early last year by current owner and completely renovated.