I'm wondering how much specifics I need to include for each line item. 

Can you give the forum a few numbers on your existing properties, including estimated values, current loan balances, current rent on the duplex and expected rent on the SFH?

Loan from a Solo 401(k):If you have a Solo 401(k) instead of an IRA, you could borrow up to 50% of the account balance (up to $50,000).These funds can be used for a down payment, including on investment properties.

@Robert McKay, yes, I believe it was for IL tax withheld for those of us who chose option 1 (to be included in their IL filing).

That would be a helpful addition to your plan as you would further reduce your cost of living.Also don’t forget from that $600 you are planning on getting in cash flow you have taxes, insurance, maintenance, capex, and vacancy to consider.With two homes, you may want to keep that extra $20k as an emergency fund rather than spending it on a third property and then be left with no emergency funds.The $1,000 a month includes incidentals for maintenance and taxes etc.

Get a signed bill of sale including the furniture at closing for tax depreciation.Communication is key! 

Was it included as a credit/debit on the HUD so it should have reduced your cash to close? 

My primary focus is on properties in Miami and the surrounding areas, including Homestead, as I’m familiar with the market here.

They’re a fantastic way to connect with local investors who can share their experiences and recommend trusted professionals they work with.You’ll likely meet key members of your team at these events, including insurance agents, title companies, lenders, realtors, and even wholesalers.

Make sure to analyze cash flow, including conservative estimates for vacancy and maintenance.Indianapolis Market: Indy has solid multifamily options in neighborhoods like Irvington, Fountain Square, and near downtown.