The power of compounding in real estate is real - yet most professionals don't understand how powerful it really can be even though they talk about generating wealth.The true power of a 1031 exchange is the ability for an investor to meet their investment objectives without losing equity to taxation.

I recognize you must be on a tight margin, but this amount is not worth stressing over.If something like this happens in the future take control and the power.  

I then have 10K in reserves for unexpected stuff (if I'm using my 20k savings, I'm sure there's a formula for how much I should actually have).

Read Profit First, Shift By Gary Keller, The Power of Human Connection by Kody Bateman.

Once you got you area you need to focus on you hone in and get it going.The power of delegation will take you further, the formalities of legal enterprises will keep you from getting hosed. 

I have had unexpected issues pop up way too many times in the last few years, and each time I was very grateful for the extra capital I had stashed away.

Hi ya'll, I hope everyone is having an excellent, positive and powerful 2019!

Maybe it's  a $100,000 buy and a $200,000 ARV, with $40,000 in renovations, plus holding costs, closing costs, unexpected expenses, etc in between".  

My electrician is working thru options but I also want to try and think creatively as well.The one advantage here is that unit 1 is currently sharing common power, and this would allow us to split it off.

Properties with power lines overhead are great since no one can build underneath them.