Investment Info:

Single-family residence buy & hold investment.

Purchase price: $213,000

3 bedroom, two car garage, fiberglass in-ground swimming pool, 0.5 acres

A fellow investor asks me what do you think these people do for a living?

Never, Never use your sellers property tax expenses to estimate your future property tax, this is a big mistake done my many people in the industry.If you haven’t sell your Main home where you are living yet you might consider to keep it, because your new home would be triple the amount your are paying right now.

Additionally for tax purposes, you have to make sure a personal HELOC is not a problem for the accountant on your business LLC taxes (usually not, just a precaution).Rinse and repeat my friend. 

Outside of real estate, I enjoy everything related to the ocean and simply living life together with my wife and infant son!

I was going to mention the same thing about the Covid eviction moratorium but you covered it so well.In addition, at the Great Recession there was markets were rents fell and markets were vacancy rates increased significantly. 

Was there pvc to the exterior of unit or a drain in addition to the pan?

Integrity goes a long way.You can also give a very generous closing gift, offer additional information/services post-closing, and/or offer a rebate for a portion of your commission at/near closing time. 

If the double needs updating and you are handy, you can force appreciate the unit you are living in while paying no or almost no money for the home as your renter covers most of your expenses.By the time you are done renovating + 3-5 years give or take you have a forced appreciated property. 

But, ultimately it basically boils down to retaining cash/liquidity in the event that you desire to make additional investments (or, as it seems your concerns may be hinting to, in case you need it for something else).