The trade-off is losing out on potential growth from a reinvested 1031 exchange, but if you’re thinking about a HELOC later to invest again, this could bridge the gap.What I’d do in your shoes:If it were me, I’d run the numbers on a worst-case scenario for each option.

Quote from @Blake Grzybowski: I am a wholesaler in Michigan and would like to start reaching out to potential sellers who are Maybe foreclosuresdaily.com, maybe see if any of your title company partners has access to titlepro software for leads. 

Focus on properties that align with your criteria—whether it's cash flow, equity potential, or location—and stay consistent, even when setbacks occur.

Property taxes are important, sure, but they shouldn't be the make-or-break factor that kills a potentially great deal.

But when I looked at the description it says that potential rent is $1200 per unit. 

Yes, prices are high, but there is good potential for appreciation, and tenants are generally reliable and high quality. 

The unique architecture and potential of the property, as well as the money making potential that it had.

Is there strong demand for rentals and is it potentially possible to rent a room for 1500-2000 depending on the location (slightly cheaper than a studio from what I've been seeing which is how I priced my rooms in AZ)?

Consult a tax advisor to optimize the use of passive losses and explore potential benefits from selling stocks.This post does not create a CPA-Client relationship.

There’s so much potential in real estate, and with your experience, I’m sure you’ll hit the ground running.This is an amazing community to connect with like-minded individuals and learn from others who have been where you are now.