You’ve got a sizable asset with stable tenants, but the monthly overhead is making it feel heavier than it should.

The reason people do sub2 is to get around this requirement and not notify the lender they are transferring the asset.

If these are even an average sized breed they can eat through a lot of food in a day/week/month.So the first thing is to get yourself financially stable.

You don't necessarily need to replace it with exactly $140k in debt, as long as the total purchase price meets or exceeds your sale price and all the proceeds are reinvested.Using Proceeds as a Down PaymentYes, your $300k could absolutely serve as a down payment on a larger property, like a $1.5M asset, depending on your financing.

I live in CA but am open to investing anywhere that makes financial sense.

Very brief summary of article: CTA has a issued a nationwide Stay on the January 1, 2025 deadline for beneficial ownership reporting to the (Federal) Financial Crimes Enforcement Network (FinCEN).

Over the past eight years, I have collaborated with hundreds of out-of-state investors, helping them find cash-flowing properties aligned with their financial goals. 

Accelerated depreciation, taxable income forecasts, and running various numbers/scenarios.Point is that tax planning/financial planning is not the area to skimp.   

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

And where you'll see cap rates go up is in the older assets and smaller markets.