Hey @Sidney Duquette so I am not a fan of buying properties that can't perform with the hopes that it will build equity to offset the losses.

The software performs the following functions:Eliminates all properties that do match our target tenant pool segment.Selects sales and rental comps for evaluating rent and return.Generates investor analytics.

Some states will give the underlying land while others will give the land but expect the newer owner to compensate the old while still others would require the owner to compensate the person who performed the value add.

@Edward James smith theres a great meetup at The Black Diamond in Spokane Valley, third Tuesday of every month at 6:30pm. https://reinetworking.com/Reach out anytime, I work with a lot of investors in the area and would be happy to discuss ideas.

Selling an existing, well-performing asset has some risks.  

To the point above, then there would be comps and BRRRR may be viable for the third and subsequent properties in the same market.   

You can use a tool like AirDNA to get estimates of property performance in your specific market and with your typical size and configuration of home.

Run through some of the features you will need like setting up a property, moving in a tenant, receiving rent payments, and publishing online applications.Pay attention to which platform feels the best to you as you perform these functions.

Although, in time, it will vastly out perform.

That would be a helpful addition to your plan as you would further reduce your cost of living.Also don’t forget from that $600 you are planning on getting in cash flow you have taxes, insurance, maintenance, capex, and vacancy to consider.With two homes, you may want to keep that extra $20k as an emergency fund rather than spending it on a third property and then be left with no emergency funds.