Any specific suggestions on how to tone down on a budget but still be effective?   

: A 1031 Exchange can defer a significant amount of capital gains tax, so it’s often worth it for high-value transactions.

However, in order to do this effectively, you have to have knowledge, experience, resources, and cash reserves in case things don't go exactly as planned.Hopefully this post was helpful to you in seeing a realistic example of how to purchase real estate without using your own money.

They can also guide you in choosing properties that appeal to dependable tenant demographics.Access to Reliable VendorsProperty managers have established networks of cost-effective contractors for renovations and repairs.

Does anyone know of any other ways to gauge the effectiveness of this plan? 

Now, if you've already set up LLCs per property, then yes, have at least 1 checking account per LLC.For people who own their properties personally, keep personal accounts that are exclusive to RE activities so all of that activity stays separate from other personal transactions.

It depends on how the transaction is structured, and the history of the title and timing. 

I have some of the required funds in a HYSA, but will most likely need to draw from another account and I'm curious which method is the most efficient in terms of taxes/capital gains, penalties, loan repayments, etc.Based on my previous transactions in the market, I estimate ~$45k cash to close: $20k for the down payment, $15k for closing costs and prepaids, and $10k of starting reserves.

Government actions are THE cause of the dysfunction in the real estate market and why so few investors and homeowners are transacting.

How exactly does transactional lenders work?