I'm 37 and about 8 years into my emergency medicine career.

You bring up an excellent point about the trade-offs between second home and investment property loans.

Marvin has no money, knows no trade, did not finish high school. 

@Eva Sha - Yes, I generally advise emerging developers there will be anywhere from 5%-8% in closing costs (depending on the size of the loan), which include lender costs/fees, attorney's fees, and title fees, plus any other consulting fees.

There are some important factors that you need to take note of with regards to the 1031 exchange or the Tax-deferred exchange: •One important requirement you need to have if are an investor and you want to take advantage of this 1031 Exchange is that the property you are selling should be significant when it comes to trade or business functions that are beneficial for the people as well as for the government.

I would suggest contacting companies for each trade and get an average bid from each sub. 

It's possible rates have peaked based on trading flat and taking a downward turn last week!

The trade-off is losing out on potential growth from a reinvested 1031 exchange, but if you’re thinking about a HELOC later to invest again, this could bridge the gap.What I’d do in your shoes:If it were me, I’d run the numbers on a worst-case scenario for each option.

Cost of Living and Affordability: Texas has been known for its affordability—how does it compare to other emerging states like Tennessee, Florida, or North Carolina?

But it's just a trade off--no wrong answer.