One instance would be buy a house for 40k put 20-30k realistically sell it for 100k(being beyond generous with these calcs, the perfect world scenario).

But it is perfectly fine to add your own funds to purchase a larger 1031 replacement property.Question #4 - See question #1

That all makes perfect sense.

You have a 800 FICO score which is near perfect but this property needs to be treated like you have a 580 credit score, not so perfect!

*no legal advice follows* Make sure you have them sign a liability waiver *not legal advice*.Whatever you do, don't let a deal that fits right in to your portfolio get away because of a tenant.

Imagine:1. no a/c--it broke two years ago and no money to fix2. no car---uses bike to get groceries, etc3. not old enough for SS4. no steady employment5. no insurance on house--maybe a couple of different reasons but cash is certainly one of themThis is a perfect candidate for either buy and hold, or buy, rehab, flip.

BP Podcast Episode #200 is perfect for you.

(In a perfect world, anyway. ;-)

Efficient, cheap, and perfect for a single room.

If the unit is a rental and you don't want to spend the money to refinish the floors, sometimes you can get away with a buff and coat, depending on if any other contaminants have been sitting on the finish, such as floors being previously waxed or furniture polish that has remained on the floor when the previous owners were cleaning their furniture.