[James 1:27 ESV] “Religion that is pure and undefiled before God, the Father, is this: to visit orphans and widows in their affliction, and to keep oneself unstained from the world.”

That’s pure motivation!

Anything over 10% left in is poor planning on the front end of the deal unless it was purely voluntary on the back end.

But the quality of your team becomes critical when dealing with the time lines and restrictions of the 1031 process.But you've got a leg up in your understanding from the get go - not many folks grasp from the beginning that their tax burden is as much the depreciation recapture as it is the pure profit - kudos!!

You said you were going to buy one anyway so this “bonus cash flow” model would hopefully work and then it’s just a matter of budget (e.g. don’t rely on the income, don’t get used it it, pour it back into the mortgage to accelerate equity).The other REI’s are a different beast, a pure business model, and for that reason I find a lot simpler since less emotional investment. 

Since you paid cash for the house you've got $100k tied up and could lose all of that if for some reason the economy tanks again but you're making $1250/mo of almost pure profit. 

View report*This link comes directly from our calculators, based on information input by the member who posted.This property was happened across on pure luck, the numbers used are the givens by the listing agent.

Colorado Springs is interesting for a pure investment.

For my part, I am a pure 50 / 50 in regards to cash.

@Chinmay J. it could also be simple economies of scale, since you said its a very small mom and pop shop they may be more expensive than a larger company with better rates from suppliers or pure labor rates.