(Anything that isn’t your primwry first is only tax free on a pro-rated basis.)I don’t know how you could swing it but…If they gifted you the kand they would avoid their capital gains tax.

If/when you raise the rent, and depending on how much you borrowed to buy it, I would expect you could do a cash out refi to recoup some of your capital. 

I have about $100k in capital reserves and can leverage the 2 properties for additional capital, as needed.

Raising capital with your existing track record is going to be extremely challenging.

I think a lot of the midwest cities will capitalize on that in the coming years with the housing affordability issues the country as a whole has been having.

I think a community bank would be much more apt to put a deal together for you than a big national or regional bank like Huntington.

Most people think real estate investing requires huge capital, perfect credit, or bank loans—but that’s not always true.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

The neighbor house is for sale , just lacking the capital at the moment.

I would use an experienced broker who can shop around and help you compare best terms on a National basis.