I will add that to your question of 10% or 20%, you need to ask yourself whether you need the cashflow or not. 10% down would leave some money with which to buy more properties.

It does not have to be a one to one exchange or a asset class to asset class.

Just adding a little $0.02, outside of what he said, most banks are not going to be your friend when it comes to this type of construction, or any for that matter. 

Started using Xero last year, as better bookkeeping was needed a new acquisition with a partner. 

I don't know if this is for you, but my husband and I have mentored quite a few investors in Canada and helped them purchase their own multifamily. 

It's no guarantee but it's a good place to start.

I’m from the Detroit Mich. area I am new here and wanted to introduce myself.

I'm new to BiggerPockets and I'm a new investor. 

Me and my partner moved from Utah to Maryland for school recently and we have a townhouse that we are looking to rent. we are currently remodeling and changing a few things before renting. what are the first steps to change my primary to a rental I lived there for about two years.

They all say they will be on the lookout for me, and they are experienced realtors.I did however get one from here, bigger pockets, and this realtor hasn't worked with investors before, butis asking me to sign a contract so I am working with them exclusively.The reason I am asking what to do, is because this realtor with the contract is very new, but I heard that most realtors will ask you to sign one if theyre serious.