Purchase price: $175,000 Cash invested: $35,000Buyout property that needed significant upgrades to bring to rental market in 2022.

Most people don’t want to sell a property and walk with zero dollars.

Quote from @Gregory Wilson:As for the second, there are only about 20 monetary numbers to be entered in Turbo Tax on a single unit rental property 1065 so it always seems to me that the $3500 would be better spent elsewhere.

Also would need to know if the property would be owner occupied or an investment property. 

I've primarily worked with single-family residential properties in Albuquerque.

If you want to acquire more real estate I suggest more savings or sell the other property with equity. 

Where do you think a rehab is more likely to net the better sweat appreciation the high property value market or the low property value market?  

Congrats on taking action to get this first property under your belt. 

If the only MFH options you're finding are in areas you're not comfortable with, it might be worth focusing on a duplex in a better neighborhood.Saving up for a larger property later is a valid approach too, but keep in mind that real estate tends to appreciate over time, and waiting might make it harder to enter the market later.

I only have 1 property under my belt and am currently house hacking my SFH.