While the cash allocation is somewhat high, it serves as a reserve for our rental properties and future real estate investments, held in a high-yield savings account.

We play games called, "lets show the property to a perspective tenant" and "lets go to closing together" and "lets deposit money in your bank account" and "lets review your college fund investments".

If you haven't activated your RentRedi account yet, activate here - it's totally free for Pros!

You have options just need to find them, open accounts, and start investing. 

We have been putting most of our extra money into retirement accounts before this.

These situations are tough, but staying organized and pushing the process forward yourself will make a world of difference.

Any reason to not account for a larger CapEx? 

Or if that’s not allowed sell it to a friend who will then sell it to my personal IRA at a discounted rate so when I turn 65 and sell the properties , I don’t have to pay any tax on all of my properties assuming I don’t sell them until they are in my IRA account…

I would make sure to connect with an investor friendly accountant to understand the tax benefits you may be able to pursue. 

That would put us just above 1.6% of the $1.1M purchase price, so still short of the 2% Rule (and it still doesn’t account for the renovation costs).All of this begs my question: Is the 2% Rule still alive in the central Pennsylvania market in 2024?