And you must use all of your net proceeds in the purchases.The opportunity for you is that you can allocate the cash from your sale anyway you want. 

If you use a $100K HELOC from your primary home to invest in two rentals, allocate the interest deduction to the rentals based on the funds used ($50K each).

You must exclude the land value, typically allocated based on property tax assessments or an appraisal, as land is non-depreciable.

Okay, let's allocate $1500-$2,000 for this repair that will need to be done.  

I beleive offering buyer agency fees will ultimately be where sellers should allocate most of their marketing money, not in listing fees. 

I have 50% 50% stock market/real estate allocations right now.

so he has an initial negative equity in excess of $100k.so -$100k / (a very small cash flow when properly allocating for expenses and vacancy) equals years before there is any cash flow.  

There is already at least one request with a lot of votes for this feature, and you can allocate your "votes" to it as well...maybe Buildium will start work on it after it gets a few hundred more votes. 

I allocate 20%-30% of profits for growth while keeping enough for emergency reserves.Plan for Taxes EarlyDon’t forget to set aside funds for taxes.

I.e. if I had allocated Thursday 9-12pm to you, I have 1-2 other Flex Time cleaning jobs I can do instead.