The property is worth 800k.

I'm happy to help connect you with professional and helpful agents or property managers from Pensacola to Panama City!

This could potentially drive up the price on the subject property. 

They take possession of the property in foreclosure. 

--> Then after 5 years of one property, sell it... either to the renter or on the market, --> Then, do TWO more properties, and add another $5K to SWAN account to pay for expenses related to the two properties acquired. 

Whether it's about deals, property management, or anything in between, I'm all in for a good conversation!

My wife an i are just closing on a property in Truckee, we intend to move into the property in ~2 years.

One option is I can cash out refi one property that has $400k in equity. 

If you rehab a house in one of the neighborhoods you're considering will it be surrounded by other abandoned distressed properties or are these abandoned properties located in decent neighborhoods that people will want to live? 

If you live in the property for at least two years, you can sell it without paying ANY capital gains tax (unlike traditional flipping).We've done this a few times, but almost every time, we end up keeping the home as a rental.