Looking at purchasing small 3 BR 1 BA house.

I live outside of Charlotte in a small town called Denver (of the East).

A 1031 exchange will allow you to sell your building and use the proceeds to invest in a small multi family and/or medium term rentals.

Quote from @Michael Baum: Hey @Jonathan Small.

He teaches people to build small, but productive, portfolios.

You'll have a small empire by the time you are 30.However, being a landlord involves a lot more than just collecting checks.

But in reality you might just want to think about using a standard savings account And taking a hit from inflation on the cash because the delta from the higher interest account to the regular account is not really that much on small amounts.

He buys small barns and converts them into 2-3 bed cabins.

You'd be surprised to learn that someone living in a rental or apartment, that has a family and is a successful small businessman, has the money and is willing to take that deal.

Quote from @Olga Daisel: Folks,I am a mother of 2 small kids, 3 and 5.