I racked up debt, at times putting expenses like property taxes on a line of credit.

You can adjust them and shorter PPP's tend to have higher rates than long PPP's so keep these in line with you strategy with the property whether you want to hold long-term or refinance in a few years.If you're still looking for financing I'd be happy to help.

You've done a great job with keeping your debt low so I have no concerns about your level of discipline to use/reuse a line of credit.All the best!

Your team can provide valuable insight and help you avoid costly mistakes down the line.5.

I'm wondering how much specifics I need to include for each line item. 

You might do cost seg. in the first year or down the line. 

Get a line of credit from a bank that leverages your equity without refinancing the properties.3.

Working with a 1031 exchange specialist can also help keep things on track.Bottom line: Start early, have backup options, and consider a reverse exchange if timing is a concern.

That pace feels pretty good to me...I can get past the "rookie mistake" phase of my career before there is investor money on the line, and I can "fail small" because SFRs and small multifamily doesn't hurt as much as larger properties when things go wrong.Timing had a role, too.

But, I think in practice, "reverse trolling" remains ill-defined and a blurred line will rapidly begin developing.