this is where folks in high appreciating markets make some great gains.. now I agree you can 1031.. but once you start taking depreciation you can never cash out unless you keep rolling up debt.. or pay recapture. 

@Christa S RickardYou can do what you ask and it sounds like a Roll Over Business Startup (ROBS) but you need to understand the ramifications of what you are thinking about.

I have been happy to do the sign-in sheets and mailing list for our Central Oregon Bigger Pockets Meetup, but Im reluctant to take over Karens leadership roll as well.

As always, it should be taken with a grain of salt (unless it's an actual result and reflected on the rent roll) but they're usually able to provide a good high-level number.

For me I'd need to know what the rent roll looks like and how does it compare to my competition in town.....

BUT the RE bug has bit me hard, and I'm going to keep rolling until I can buy a nice 4-5 unit cash!

When I refinanced last spring to try and roll in renovation costs and see what I could get beyond that amount my appraisal came back SUPER low.

@Jay Krietzman I would consider getting the ball rolling, but maybe looking for a local person to help mentor along the way.

I get it off Amazon but you can find it in rolls at Lowes/Home Depot.

I’m excited to get the ball rolling on my REI career, and I actually had the opportunity to buy my first property with an FHA loan in October of 2019, where I am currently house hacking.