Fewer mechanical and structural elements to go wrong3.

The laws have bent over backwards providing property owners with the most time and opportunity to keep their property - loan modifications, arbitration, an almost flawless property transfer and sale mechanism, and lenders with tremendous pressure on them to “negotiate” mutually agreeable settlements.  

Is there a mechanism that allows me to buy and hold the $500k property with that cash, then re-purchase the $500k property using 1031 exchange proceeds from my rental when I do eventually sell it?

There could be HOA liens (even if just a vacant lot) any mechanic liens, city liens, etc.

Hello all,My name is Luke Hubble and I am a current student enrolled at Bradley University pursuing a degree in Mechanical Engineering.

What financing mechanism do you plan to use? 

Since demos a few features were added: Deal Performance report, Soft commitment mechanics is coming up, etc.

I studied mechanical engineering.

If you are investing in much older homes that haven't been renovated, or larger homes that require larger capacity and more expensive mechanicals and roof sizes, etc $3K might not be enough. 6 months of PITI might be overkill, but I consider it savings account as well.

Hey Ravi, Sacramento grown and moved to the bay area for work after college (mechanical engineer) and now back in Sacramento doing full time RE.