Note the standard 401k and IRA limits will be maxed..This needs to be AFTER TAX contributions that can then convert to Roth.Thank you for any insights-pr--Respectfully ask not to be contacted directly by financial advisors seeking new clientele. 

Also I’d appreciate any insight on building a team as well.

I plan to travel down there next weekend (about 3.5 hours away), so I am gathering all the necessary info.If I did cashout refi on my current property, i can pull out $155k towards this but will be left with an additional 45k or so if doing 80 LTV, which is why I am leaning toward seller carry a second mortgage.Lenders out there, now you have my deal, can you do it?

Grateful for the insightful real estate journey shared on Instagram.

Thank you for the insight!

But would love a second opinion from a professional.Thanks and let me know if additional info would be helpful.

Remember Each City website has a place where you can look up the tax record make sure you take a look at that before you make any decisions, It can give you insights in to the Flood zones, HPC zone, ETC.  

Given the mortgage payment, it could likely generate a solid $800-1k in cash flow after expenses per month.I appreciate your insight, Jeff.

I think I would have to drill an additional well too. 

AirDNA can provide some insights on data in the market you're planning to work in.