Colliers have recently reported 7% rent growth and there are some major employers moving to the area.

The appraisal alone for a property of this size is going to run $4k+ if I had to bet.

I don't know all the markets in the US, but of the ones I do know, any properties bigger than a quad are usually few and far between and usually end up getting snapped up by bigger fish otherwise you probably don't want to touch them.Things I look for in a market are:- Good School District- Low Crime- Low Vacancy rates (aka few rentals available)- Employment- TransportationOthers may advise you to also look for appreciation forecast for areas.

What size property are you looking at?

Background: I`m trying to access some of the equity sitting in my rentals to re-invest, but my W2 income is fairly low compared to the rental and self-employment income, due to higher deductions the total taxable income and qualifying rental income is way less than my actual income.

Looking to get some clarity on this matter -- a lot of people on BP suggests a percentage method, which I think can be a miscalculation for cheaper and older SFHs because a lot of capex is fixed, but rental income, size of house, vintage of house, type of neighorhood factors into the calculation.

Coming in at a whooping $20,000, and rent in the area for an apartment that size being $950 a month, you can see why I say this would be a great acquisition.

There are too many variables to give a one-size fits all answer.Personally, I would put $1M into commercial syndications (money backed by a hard asset that historically performs well in market turmoil) and diversify the remaining $1M across notes, NNNs, SFHs and some S&P 500 index funds.

Having self-employment activity (with or without an LLC) allows you to setup the plan as long as you do not have any full-time non-owner employees.

The whole 1, 2, 3 % value really varies on size of deal due to cap/ex costs.