We get $2300/mo for the 2 bedroom rental bringing our total cost to list there to under $2000.

So the total cost of everything was $44k.

So many of us use self-directed IRA’s (solo) or GRP’s and obviously can’t invest that in our own opportunities.

Anything less than $875k (less selling/closing costs) becomes “boot” and is taxable up to your total cap gains and depreciation recapture.To avoid tax, 2 rules.1) replacement property price must equal/exceed the sold property2) you must reinvest All the cash proceeds from the sale

Obviously a lot of work went into this and you did score with an oustanding project!

So I’m wondering how that would work because I need to cover the down payments for the total amount I need to borrow rather then just the purchase price.

This is real obvious but place as much as you can on auto pay. 

Total cost of the turn was around 6000.

This place was almost a total gut.

Total investment now about $153k.