@Marcel SundayIt’s not much different then buying a single family, just different debt structures, higher operating expenses, higher property taxes, less liquid, more zoning/permitting, etc.Most people would say start on a 1-4 unit first before jumping to that size.

E ? 

Purchase price: $276,000 Cash invested: $50,000 Sale price: $512,000https://www.redfin.com/AZ/Phoenix/3832-E-Waltann-Ln-85032/home/27493304What made you interested in investing in this type of deal?

It barely breaks even, assuming the 10-2021 expiring rents can be raised to the level of the top two (are these market?).

We just pulled equity for a rental purchase, so we don't have the liquidity.

I'd rather have liquid reserves and cash to bounce on a good deal than just buy whatever comes my way. 

I agree with you on letting 1031 time expire if I can't find a suitable replacement.

To report this, I fill out Schedule E which will show the total loss (negative value) which then transfers to 1040 Schedule 1, Part 1, Line 5 as negative.

I like @Lynnette E. suggestion of buying a used (basic) fridge.

Please help me think through what I might be missing and any suggestions of other creative ideas.Purchasing a BRRRR property in price range of $50K-100K with $20-50K of rehab needed. (70K-150K ALL IN)Currently have:- HELOC against Primary for 60K @ 4.125% and another 40K liquid for the investment. = $100K- interest free credit cards for 21 months with 0 interest = $75KMy thought process was to buy with HELOC and cash and rehab with 0% interest credit cards.