The return on paying down debt is only equal to the interest rate on the debt (say 5%). 

In other words, all three are equally important, and must work together at the same time to be successful at REI.OK. 

. $250.00Deck over top of parking area 15‘ x 12‘ Replace up to five deck boards 5/4“ x 16‘ $125.00Composite rails need to be scraped and painted need to use special primer/2 adhere to composite. 80 linear feet equals $160.00Replace broken and door missing 2 x 2 pickets.

Please see additional considerations below.401k Participant Loans [Note you can take a 401k loan from a Solo 401k for your self-employed business even if you have a 401k loan under your "day job" 401k]If your 401k plan allows for 401k participant loans, the maximum loan amount is equal to 50% of the balance up to $50k.

Their underwriting can be stricter: they only go with stabilized properties, they want experience borrowers, and you need to show net worth equal to or greater than the loan amount (you can get around this by bringing on a rich friend).

As long the total of the two replacements equals or exceeds your sales price (minus the boot I'll address in a sec) you'll avoid all tax.The "boot" is what makes this a partial exchange. 

If the cost could equal the return in appraisal value or more that may make it easier to make my mind up. 

That means it would take you 11 years of perfect tenants and no added costs for the CF to equal that $55k.If you add in the out of pocket costs you mentioned you need to replace the kitchen, bath and roof, it will take an additional 2 years to recover those costs.Now if you used the $55k as a 20% DP on another rental, that doesn't need rehab (or that can be buried in the mortgage to buy), you would jump right away into a property worth $275k. 

Higher income households pay a greater $ amount, but everyone pays an equal proportion.

Buyers will know what your fee is and probably will have an issue with the fact that its nearly equal to the price of the property. 2.