Electing disregarded entity status avoids additional filings while achieving the same tax outcome.This post does not create a CPA-Client relationship.

This can provide additional capital for future investments and get the next one.Or evaluating other loan options:Depending on your long-term plans, you could explore conventional loans or portfolio loans that might offer more favorable rates or terms with the new appraisal value factored in.Your decision depends on your broader strategy.

My budget is in the $200-250K range.Please feel free to let me know if additional details would help, and thank you in advance for your time and advice! 

Why ask: Get clarity on the full cost of the program, any additional fees, and what’s included.

If you can add a legal ADU at $25k in the Austin area then you should add it.  

They charge $1250 for properties under $1mm for a 1 to 1 exchange and if you have another property to move your funds into, they charge $550/additional property.

Agreed - plus two additional thoughts:1) I always recommend having your CPA also review the drafted operating agreement for the tax issues. 

Our country needs four million additional homes.

In addition I am giving him freedom to explore (to a certain extent) on my dime.

If you have extra money that you haven't earmarked for additional RE I would do TSM index funds for a truly passive investment.