Many real estate businesses are launched with the intent of both investing in real property and earning on going servicing fees to pay day to day expenses and salaries and accumulate capital to invest.

Im pretty sure ill be limiting my options for tenants with such a small property but will this be a ongoing issue for me going forward?

@Javier Beltran - I’d invest your savings/Capital ongoing in index funds or if you’re really really aggressive, as private money / joint venture / profit share in someone else’s fix and flip in your current hometown that’ll 100% get sold before you need to buy a home.

There are several opportunities to complete your 1031 with a replacement that defers the tax and gives you the ongoing benefits of real estate but is totally passive. 

You would have ongoing filing requirements with the State and would need to keep business records and documentation. 

(maybe - need to see more of the home) I ran real comps with an agent last night and a conservative ARV is actually $198k so there is a little more room here than I originally thought. 

Thank you BP community, let's keep on going in 2019!

I ran into an FSBO property in Tampa, I contacted the owner and he states he is currently rehabbing the property.

I ran the business out of that location for a number of years and the property appreciated significantly.

@Richard Sherman  One of my partners owns a 100 units in Gresham.. i actually found them and brokered the deal.We have on going business so when he comes twice a year to meet with me ( he lives in Honolulu) he also does a day with his property manager at Cambridge management super sharp guy and fun..