Quote from @Polat Caglayan: How much do I need to invest for a house and a thousand dollar income?

Equity from sale can go to the new property AND a DST/TIC tax free as long as I have at least a mortgage/debt of 225k on that new property?

And a big Welcome to BiggerPockets.  

Great investment, a lot of learning, and a good ROI Lessons learned?

He's an agent with RE/MAX, one of the largest franchises with a great training program and a lot of tools for their agents to use and build a successful business.

This franchise provides training and a CRM to get you generating revenue.

So one tenant pays their 50% in RentRedi and the other pays 50% in RentRedi and as long as it equals 100% at the end of the month, everything is good.

He liked the idea so we created an LLC and a partnership agreement and he deposited 100k into the business account.

If you're a single mom with student loans, a car payment, and living paycheck-to-paycheck, then $20,000 would be devastating and a reserve is critical.

For this reason, it would be prudent to not overleverage yourself in this type of environment in order to wait and see where rates do end up falling, as there is consensus in the market we are moving into a falling rate environment, the exact timing of when rates will be falling is unknown and different scenario analysis should be added to underwriting refinance periods to be sure the project is sustainable if inflation resurges and a refinance is delayed.