Or did a partial exchange and kept cash to give to one or more of the partners. 

@Jason ColemanI would just focus on increasing overall net worth/cash flow instead of paying down what is likely very cheap money-especially when you’re likely to borrow it again in the future.

Buyer's will have a choice of a 0-comission package, that will have a required up-front retainer, a commencement fee, transaction fee, per showing fee, per comp/BPO fee, and a hourly advisor fee billed per 15min increment's. 

Plan on renting by room to maximize cash flow.

Hi @Mary Chen, If we are utilizing a 1031 exchange on the sale of this property the expenses you incur for repairs wouldn't necessarily fully translate to cash in hand at closing without potential tax burdens.

Jason,Springfield has some great properties available for cash flow and options for 2 family duplex/stackers. 

My wife and I invest with cash and/or with our retirement accounts. 

It's the best way to test what you like and don't like in a low risk environment.Once you've done this, you'll probably have even more saved up and experience to make you more confident in choosing a direction.If you decide to just dive into one of these markets and strategies, I'd recommend focusing on your personality, goals (cash flow first or something else) and how much time you have.

@Louis Zameryka - Prices are high, but you can most definitely still find cash flowing deals.  

. - Purchase Price $38,450-Full Rehab $75k (roof, interior/exterior paint, new kitchen, new bath, new floor, new appliance)- Add full bath $25k (88 sq ft) is the option/decisionAs far as cash flow, here is are the two options....- 3/1 would be...