I will want to continue to continue to defer the taxes but in an UPREIT.

I am in one of the higher tax brackets and could be saving around 40k~ a year on taxes with this.

However, I had to subordinate the sellers note to 2nd position (hint: set up that language in advance to streamline the process, if that's the direction you're going to go).Since the ARV was high enough, and the potential income would support the mortgage and expenses, it all worked out. 

Is $107k your true net, or do you have any other expenses (mortgage, taxes, lodging taxes and fees, insurance, utilities, landscaping, WiFi, etc.)?

My goal is to leverage that equity for additional income.

- the property is based in Garfield Heights - and that my property tax will be much higher.More details: https://brickbear.ai/share/deal/1/583 Define "area not that great"......It's a high C type area.

Rates are typically 8-9%+ and it's underwritten based on personal income. 

If you're interested in seeing how that all breaks down from an income and expense standpoint, I created this Sankey diagram to share with you:As for me, I'm planning to leave my w-2 job and take a little career break before deciding what's next for me. 

I'd like advice on the best way to manage my property (I will use Innago for collecting rental payments), obtaining landlord insurance, tax write-offs, and maintenance. 

So, now we are barreling down that process as we had not originally thought we'd be going that route and I am trying to figure out how/what sources I'm allowed to use to verify their income.