You can finance it with an FHA loan (3.5% down) or a conventional loan (5% down) if you plan to live in the property.

If purchasing new real estate as part of your reinvestment, a cost segregation study can maximize depreciation deductions, offsetting future taxable income.For effective planning, assess how the sale price is allocated between real estate, tangible assets, and goodwill, as this determines the tax treatment.

I did a cash out refi on my principal residence at a much lower rate and paid it off.Now I plan on using the equity for more purchases.What? 

If the same client merely invested with a gains plan, or 25% return, they’d end three years with only $43,500, which is $130,500 less than flipping!

Purchase price: $690,000 Cash invested: $172,500 Took a gamble on a larger single family home in an up and coming master planned community.

I know nothing is guaranteed, especially with the way real estate is today but I was only asking this question to see if my plan sounded good and if reaching out to that many people did in fact give me a really good chance at finding a deal.

Good luck with your real estate plan! 

To mitigate these risks:*Have an Alternate Plan – Be ready, if the market slows, to rent out the property.

My plan is to live in one of the units while renting out the others.

Quote from @Fulati Paerhati: I am selling one property and planning to do a 1031 exchange.