That being said an additional $500,000 would not stray me from this path. 

With everything paid off, they’re looking to slow down but are hesitant to sell due to capital gains considerations.Purchase Price: $1,750,000.00Downpayment: $400,000.00 - Will do a 1031 - Selling two of my SF properties for the downpayment (bought for 120k + 146k back in 2017 & 2015). 

For the moment though, I am just trying to gain a more robust understanding of all things real estate that I could reasonably see in my future.  

If you paid under $230k, you’d save $30k in federal capital gains taxes and maybe another $15k or more in state income taxes.

Happy to chat if you have additional questions. 

Man, just in 3 years if you have the tenant leave every time, even without the negative cashflow, that alone can cost you an additional 20 or 30k.

I created a co-hosting profile as I was looking for additional opportunities.

These are professionals with additional training and a stricter code of ethics.

There is no current tax on rental income and capital gains.

Please DM me if you have any additional questions.