All I'm saying is you don't know what you haven't done, so you really can't say you've done it all.The most important things you learn by just doing is what not to do since that method will generate more mistakes than not. 

Ask for a business line of credit and tell them what you plan to do with the money and how the new property will generate cash flow to pay off the LOC.

But there's enough chatter that you would be wise to consider it.3) can you generate a reliable $1600/mo cash flow from the $180K in proceeds from a cash-out refi?  

Hi all, this feels very random but hopefully I can find some insight....

When generating the tax ID from the IRS website the form has a separate area for mailing address... but for passive income for say rentals...if you don't office in that state, it is not always easy to have an associated physical address in another state. 

If managed and invested will this equity will be the root for generational wealth.

That is our philosophy here as well and we kind of give that away in the name of our company RENT to Retirement - focusing on positive cash flowing properties to generate passive income.  

-All other terms of 1031 exchange must be the same.That being said, you can use 10% down financing for a secondary home allowing me to purchase a higher priced property and hopefully that generates more income. 

Look at the steam generator it might have a logo on it (like KOHLER).Sometimes they are inside the sink cabinet below the sink, (Beware the Steam Generator is live electricity 100% of the time--hardwired in).Somebody is going to have a very relaxing rental.

Recently, I started a meet up specifically geared towards empowering people of color to use Real Estate as a vehicle to build generational wealth.