No but keep track of those repairs as it will add to your cost basis when you go to sell it and have to pay capital gains.

Also if the whole property or the yard is fenced then an additional barrier fence around the pool itself isn’t required.

While there's no strict requirement to match the original mortgage terms, reinvesting the full proceeds without financing or using leverage to enhance returns is key.If you don't reinvest the full amount, any shortfall ("boot") will be subject to capital gains tax, and depreciation recapture may apply.This post does not create a CPA-Client relationship.

Would love any additional info and the chance to check it out! 

My head is spinning on how to make this run as smoothly and efficiently to help maximize gains and bare minimum, break even after expenses.

@Tori Rhodes faster ways to scale:Buy a portfolio from another investor- Get seller financing from a savvy one that doesn't want capital gains hit!

Additionally, I wanted to begin using properties to pull equity to go towards buying more.

In short, I can afford the additional $1100/mo cost of a second house, even until I rent it out.I have around $35K in HYSA and emergency funds that I could use for a down payment, but that's less than 20% which would be required for a conventional loan, assuming full purchase price.

So, many people choose to operate in their own personal name but buy an additional umbrella policy to protect themselves from liability.

However, after accounting for long-term capital gains tax and other expenses, you would be left with $150k which is important to budget and account for.