Maybe not meant to sound that way but it comes off like that to me.

I “assume” they meant you wouldn’t defer all your taxes if you used leverage on a $450k purchase instead of “spending” all your cash.

@Matthew Paul: My dad wasn't meant to do real estate.

Not every house is meant to be flipped by us.

I would have advised you against an LLC, most likely, contingent on your attorney's legal protection concerns.This is assuming that by "we" you meant your spouse.

I should have clarified that what I meant was that there are PMs out there that will do the most expedient thing and accept a tenant just to receive a quick commission.  

Honestly, I never fully understood what they meant—until recently.I’ve been diving into some larger-scale real estate projects, specifically in commercial properties and multifamily development.

The wrong chemistry, well, see what happens if you put a few drops of brake fluid into dry pool chlorine (actually, do not do this!).

Folks this is meant as a beneficial post and not about good or bad positions.  

I do not hold any actual real estate because I did not want to be concerned with being less fluid.