Congrats on finding a property and a willing seller!

As far as resale goes, you see less competition and a higher certainty of long-term appreciation. 

If you are selling for 1M after closing costs you could purchase two 500k properties in your exchange and own one cash and a mortgage on the second.

this is what we build and we do it with newbies but make sure you partner with a builder who has experience and a track record.

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

There are guidelines and guardrails, but a challenging deal can have positives and a golden deal can have issues below the surface.

And folks that need to do that dont have the capacity to deal with a loan that has been called and a seller that is madder than a wet hornet if you goof up their credit.Then the other major issue glossed over by everyone is there is a minute amount of sellers that will even entertain these transactions and most of the time your paying a premium for the asset.

Her income now is SS of around $2400 and a basic 40hr office job that pays all of $17/hr, but she is retiring with this move.

Rentals boil down to how much do you net after paying principle, interest, taxes, insurance, and a maintenance reserve.  

Larger cities offer better infrastructure, such as international airports, interstate highways, and a broader talent pool, making them attractive to businesses and tenants.Avoid Rent ControlRent control laws can hinder your ability to adjust rents to match inflation, limit tenant screening, and complicate evictions.