As you alluded to, sometimes a passive note investment purchased for monthly payments “goes south”, and becomes an active participation investment, with plenty of additional capital required for legal fees, forced place insurance, and property taxes.  

Do you have cash reserves for capital expenses and improvements? 

We don't have much capital to work with outside the equity in our current home, but should be able to come up with first/last/deposit on a rental without selling.  

Hey Cecil, if you have the capital to operate locally, and it fits your goals to do so, I highly recommend doing that.Congrats on securing your primary though.

Just be mindful that you can't 1031 a personal residence but it might be eligible for capital gain exclusion from section 121.

If substantial renovations or capital improvements are made in later years, those improvements may qualify for new bonus depreciation.3.

I'd work on a strategy that returns my capital guaranteed. build to rent direct with ground up developer does this.

Are Tyler Deveroux, Ryan Woolley, Multi Family Mindset and MF Capital a scam?

Whether you are processing inferred signals such as pre-foreclosure and tax delinquencies or optimizing for explicit leads using SEO.There are definitely good deals to be found on MLS, but I am sure we all agree the bigger the information gap, the more opportunities there are for a lucrative deal.We have actually seen great success partnering with some of the most tech-forward wholesalers; They are fully capitalizing on the "first mover advantage" aspect of this information gap; streaming real-time leads directly into their CRMs to automatically start their sequences.

So after speaking with our cpa we have decided now will be the time to sell and avoid capital gains tax !