However if you didn’t calculate in at least some percentage of the rent for vacancy, repairs, and CapEx then eventually things will happen, such as a vacancy or a repair being needed and you will be out of pocket a much larger amount of money than just your $400.

Hello Tiffani Hollis, Congratulations on stepping into the realestate game.

When it comes to a lifestyle property, it's another ball game and all the comments you wrote make total sense, especially for people who like similar things in life.

I have a few lenders who do but they still require some money from the borrower so they have skin in the game.  

The "Learn more HERE" link takes me back to the Bigger Pockets home page. 

We have found it for number years so the value of the property has went up plus I did an extensive rehab.I owe about 215 not counting the last rehab that was about 60 K out of pocket.

@Monica James Welcome to Bigger Pockets. 

Welcome to Bigger Pockets!

This strategy can be a game-changer for building long-term wealth, as it enables you to leverage your gains without an immediate tax hit.Example: Sell a rental property for $300,000, reinvest in a new property of equal or greater value, and defer capital gains taxes indefinitely.5.

Welcome to Bigger Pockets @Jay Rock !