If you math it out it is probably unlikely that you will be cash flowing on a property that you are using 100% leverage on from a turnkey company.

I am definitely conservative and plan to keep my job until the REI cash flow is proven for income.

Use the funds to buy 1 -2 LTR rentals cash or use a loan and get 3 - 5 LTR's.

But if your goal is to leave your day job soon, multi family will offer more cash flow typically.

- If so, 1031 into something bigger and easier to manage and then when you pass, the inheritor receives your property(s) at a stepped up basis - subject to Inheritance Tax limits.Otherwise, sell one every 1-5 years when you need the cash, so you can plan expenses to offset capital gains.

But he learned a lot and he can ring the cash register.  

This is why I prefer the cash-for-keys approach.

Or would you just use the cash flow from your old unit to make up difference?

I can't speak too much to the market on the Westside, but as far as affordability on the West Coast Spokane is worth looking into.

We don't spend anywhere near that much nor do we go through 2k worth of linens, kitchen stuff or furniture.