Each closing, whether multi-family or single family, is going to have some of the same costs: title insurance, attorney fees, inspection fees, appraisal fees, fees associated with financing, etc.

Do you feel like the sharing of your metrics is most impactful because you're sharing it with other people, or because it just gets you out of your head and onto paper to write it out?

In a 1031 exchange, you must reinvest all $450k and replace any associated debt to defer taxes fully.

Somehow, I had it in my head that I didn't want to do a cost seg, I like to keep things simple and cost seg seemed not worth it, so I have been investing for over a decade before we did the first.

@John Friendas Without knowing the expenses and costs associated with it I can’t make an educated judgement.

Treat this property as a business and factor in all the associated expenses, including mortgage payments (if you pull a loan), maintenance, and potential vacancy periods.To simplify management and make this less of a hands-on job, I’d strongly recommend working with a property management company.

For residential multifamily properties (1 - 4 units), can you use a home warranty to take care of the repair costs associated with rentals?

I would prefer an individual PM (not associated with any company) to manage my 3 doors in FL..

Roman:There are originating and service fees associated with writing mortgages from your registered account.  

That would result in both a transfer of cash and associated journal entries.If my LLC doesn't have a bank account and I've been tracking its assets in my accounting ledgers only, moving money for the sake of moving money would seem strange (and suspicious).