@James Martin Roll Tide!

This of course turns off cash buyers we just roll our eyes once we get into the house like how in the world can this turn a profit.

Wife and I want to start and actively support a few charities once we get the ball rolling. 

Obviously that’s a roll of the dice....  

However, I cannot roll it over to a self-directed IRA while I am still a State employee.I have already taken advantage of the $50,000 max loan to invest in real estate.I am allowed to invest in any stocks, funds, etfs, etc. that Charles Schwab sells.  

Also, make sure to see a rent roll so you can double check that they really are renting for $600 and $800.

@David Epstein  That makes it 3 for 3.  1031 away and get the portfolio rolling.

Drum roll!!!!!!!

In my opinion, if you can make it work it is one of the best ways to make some extra income and really get the ball rolling with REI.

Maybe roll it into the rent if they can't come up w/ the down payment.