We're having trouble figuring out how to best leverage our assets, and where to get started with our first investment purchase.So once we're moved into our new house and rent out our old one, here's where we'll be at when we're looking to invest in another property:Austin house equity (where we will live): $180,000 ($544,000 value - $364,000 owed)Suburban rental house equity: $178,000 ($372,000 value - $194,000 owed)Suburban rental house cashflow (after prop management, capex, etc.): $100/moRemaining personal loan for home improvement: -$50,000 (8.4% interest, needs to be paid off ASAP)Cash to invest to start: $0 (all cash has gone toward the high-interest loanFuture salary income available for real estate: ~$500/moWe want to start with one additional property and build our portfolio with more properties over time.

Those that are in more tenant friendly states are still going to be in trouble but good news for the rest of us.  

We currently still own it and it is our best-producing property.

We're having trouble figuring out how to best leverage our assets, and where to get started with our first investment purchase.So once we're moved into our new house and rent out our old one, here's where we'll be at when we're looking to invest in another property:- Austin house equity (where we will live): $180,000 ($544,000 value - $364,000 owed)- Suburban rental house equity: $178,000 ($372,000 value - $194,000 owed)- Suburban rental house cashflow (after prop management, capex, etc.): $100/mo- Remaining personal loan for home improvement: -$50,000 (8.4% interest, needs to be paid off ASAP)- Cash to invest to start: $0 (all cash has gone toward the high-interest loan- Future salary income available for real estate: ~$500/moWe want to start with one additional property and build our portfolio with more properties over time. 

however, if you aren't producing they are not going to want to keep you on their books. 

For example, the high GRMs mean property is expensive -- but it also means that converting a garage into an ADU will produce an ROI like you just don't see in other parts of the country.

I know some people produce crazy amounts of garbage, and I'd rather them do that than leave the garbage in the house....

I think his body produces natural caffeine.

Proceeding without consulting an SEC attorney puts you and your entire deal at risk.Your typical real estate attorney will have no clue on how to file the appropriate paperwork that will keep you out of trouble.

You will sacrifice some cash flow, but it will be a lot easier to handle and still produces solid cash flow and you only need to deal with turnover every few months (hopefully).