We are newbies, and don't want to miss out on a great investment and tax savings opportunity, but obviously want to do everything correctly in the eyes of Uncle Sam.

Cash out refinances after a 1031 exchange are not a taxable event.

Their wish is to give one home to each daughter (we are three sisters). 

We are here to assist. 

Now that we are 10 days from closing, I am talking to loan officer to get the Closing Disclosure so that I can know the exact cash to close (I need to move money from brokerage to bank account) and he is mentioning about 2% IPC limit. 

We are in 3 markets and seeing great occupancy 

We are hoping to streamline tenant communications, maintenance requests, and payment records. 

We are not familiar with any of these markets, nor do we have anyone trustworthy there, or a real estate agent.Our approach would be both rental and house flipping.

We are now down to 8.64 million. 

Because we have a very large community of investors that buy thousands of homes across the country every year, we are able to negotiate better buying opportunities (and loan options) than you would likely find on your own as an individual investor.