If you have 500k in equity, not sure what the actual equity is: would you rather - repurchase your current property and assume and 2.6% rate ORfind some other investment that is made with the intention of being an investmentYou said the house is large and new - so current chances that you need major CAPEX is low but as this home ages and is in an expensive market realize that those updates will also be expensive.

They are definitely nicer than 95% of the homes you see on the average MLS listing at these price points.

@Amanda McAvena I could see myself using the less expensive version of this in out of stare/area markets.

CPAs seem to be very expensive costing thousands of dollars!

Guesty for Hosts $21/mo  - time saver, guest automation cross platform, direct bookingRing Cameras $20 /mo  - indispensablePrice Labs $35/mo   just started this a few months ago, everyone is like A+++, jury is still out for meHostfully Guidebooks  $20/mo  improved guest experience and email collectorREIHub  $23/mo    just started this year, another time saverZapier  $20/mo     massive time saver as this automates RA and does record keepingSignNow  $16/mo  Peace of mind and meeting insurance obligationsTotal = $155/mo or $1860/yrTo me for what these services provides, the $155/mo is less than half of a an average 1 night booking.  

Here are the details at a high level:Purchase price: 174,000Closing costs: 2,000Down payment: 20%Rental income: 1525Monthly expenses: 487 (insurance + tax)Maintenance: 128 (1% of purchase price)10% vacancy: 150Self-managingI am not sure what interest rate to use to get the monthly mortgage amount.

The calculation takes more than just Rent and PITI - they consider other expenses like vacancies, management fees, utilities, and more especially for full-doc programs.

The area between Los Feliz and Silverlake is very trendy and should only become more expensive over time.

Mecklenburg county has an average of about 120 people/day moving here, with about 80 people a day moving to the surrounding counties (Cabarrus, Gaston, Union, Iredell, Catawba). 

There's a couple of things that make this more attractive than the other option sugggested of forming a new LLC to own the property.First is the expense and reporting involved in another LLC entity.Second though and more important in my book is that by having your LLC own a TIC interest and having your partners LLC own a TIC interest you keep the utmost flexibility available to you as you move forward with that property to eventual sale and possible 1031 exchange.