I've not yet invested in my first property, but I plan to purchase my first one by the end of 2023.

I hope the property taxes go away but I don't think it is likely  talk of eliminating property tax in FLA  is that what your saying ?? 

But a really good property, for what you can afford, in a good location like Charleston and wait. 

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Bronx.

Purchase price: $640,000

Cash invested: $220,000

Purchase price $640,000
Got it at this price because there is a no...

The replacement property must be similar in that it is another rental property. 

I am fairly new to real estate, but have been able to get a few properties which will help us own a block in downtown Columbus, OH.

My plan is to build along the same type of home, but of course with some of my design inputs.I want to get a really solid foundation before any actual building happens and I would truly appreciate any advice that anyone has to offer of some preliminary items I should know and take care of beforehand.

If I could find a duplex that sells at that number and is rent-ready, I'd actually be pretty close to 2%.The problem is that if I inverted my analysis and said, "Hey - this hits the 1% rule!"

Do that before you spend any energy trying to kick him out.If he hasn't paid rent, you can call the police and have him escorted from the property. 

If your interest payment is $8,125Your stocks have to make a dividiend of about $11,000 of which you would prolly pay 15% to 25% in federal / state taxes / NIIT.Assuming you will make a 10%-11% return is not guaranteed.You will also feel good about having a paid off property(relief).Furthermore, your credit score may go up with a paid off property.Best of luck!