It’s a smart way to leverage your current resources while keeping your financial risk in check.If you ever need advice on financing or want to discuss this strategy further, feel free to reach out.

So many LOs were preaching mortgage rate cuts, this time around, and now I am seeing rates still the same, if not even slightly higher than what they were a few months ago. 

Glad to have you as part of this community, Barry! 

Quote from @Carolyn Fuller: If your MTRs are near a university, you should also list on sabbaticalhomes.com I haven't heard of this one, thank you!

So by the time you sell it and deal with tenant issues, you really do not get ahead.

Another consideration is that if you do a 1031 exchange back out of CA the state is a "claw-back" state so CA will try to get their capital gains eventually.

One of the reasons why I’m bullish on real estate investing is because I am more afraid of the “what if I didn’t invest” rather than the “what if it goes wrong.”Yes, I could fail and lose everything I started with, but I’d still be farther along than if I never started at all.I’d have the knowledge, skills, and lessons that only come from taking action.Every misstep is a step forward when you’re learning and adapting.The real risk isn’t failure, it’s standing still and letting fear hold you back.Take action!!!

I did this with many folks on the road our lake house is on and they call if there is an issue.

Hi @Michelle SimoniI would use the Lenders tab on BiggerPockets and reach out to a few different lenders to compare.

Hope this helps.