I plan to utilize some cash, margin loan, 401k loan, and a HELOC as a down payment.My first house hack (now an out of state investment) has a Zestimate of $530K, and I have $266K left on the loan.

@Christina Galdieri A 1031 exchange cannot be used for the sale of a business itself, as it only applies to the exchange of like-kind real property used for business or investment.

With careful planning and local insights, Richmond can be a solid addition to your investment portfolio.Good luck!

What made this project GO was having the PM and GC as part of the investment. 

If you look in another location I would stick to the 2 you are already investing in and expand your footprint.

Then you can read a more in-depth book like The Book On Rental Property Investing by Brandon Turner or The Unofficial Guide to Real Estate Investing by Spencer Strauss.2.

Welcome aboard Jack and best of luck investing!

In real estate investing, financing is as important as finding the right property.

Until you build trust with a team or contact you should view every property esp a MF that is a larger investment.

I can say that with Phoenix, a multitude of opportunities can be in store for you if you invest in their market, network, or even just want to get familiar with it.What type of real estate are you into: fix & flips, buy & hold, multi-family, or something else?