- What is it that my perspective/analysis may severely be lacking in?- Is

Who knows, when you get down here you may be happy you have some extra income coming in. I

@Luisa MorejonA metric that most people don't factor in is headache factor. 

Quote from @Spencer Ware: Quote from @Todd Dexheimer: @Spencer Ware what type of real estate are you most interested in? I

With the purchase, the rehab, the closing costs and the holding costs (hard money, taxes, insurance, utilities) our all in is around $200,000, but we have created $40,000 in equity.

I'm looking for some advice on how to reinvest this money or what to invest in, I will profit a little over six figures from this property. 

:hmm, clayton goes back and whalen goes in. is clayton the bird that's singing?

I'm a retired engineer and have been successfully using income from these houses to support my retirement without dipping into retirement savings.I'm transitioning my business from rentals to a franchise and would consider selling one of my houses (5 br/4 ba - the other houses my son while he's still attending).

Since you're familar with commerical development, most enginering firms, and attorneys work on both residential and commerical. 

On the other hand, pros include increased cash flow, engineer-based data for the clients CPA, audit protection (with the right firm) and the ability to deflect that recapture fee with a 1031 transaction.