Hello @Zach Ogle,Welcome to BP and congrats on your sale of your primary residence in Phoenix and planning to re-invest those gains!

You can reach out to me as well with any further questions since I am local to Charlotte and a specialized lender for RE investors. 

So, he has helped me with some RE investing info. 

I believe the 1.3M was assigned something like 800K in land value and 500K in re-design and physical improvement cost (we had an approved but not yet built 45 unit apartment addition to the existing 135 units which required design revisions).

I have no mortgage on the property and it generates about a $6k surplus each year.When my current tenant moves out, I'll have to re-carpet and re-paint, maybe renovate kitchen.My question is, since all the appliances are original (and still in good working order), when this tenant moves out and I do my renovations (mentioned above) should I sell it before some of the expensive things start breaking down (a new heat pump will run me about $6,000) or re-rent it?

Wish you all the best with your RE investing and hope you get to enjoy Toad Suck this weekend!

I have a quick question I was hoping to get feedback on.My wife and I are considering getting into RE investing but as you all know, location is key.

Sometimes that active look means you find out your rentals haven't been doing as well as you thought, but at least you're armed with the knowledge to re-deploy the equity.

I'm currently self employed in a service business I started in 07 and am transitioning to RE as soon as possible. my "part time" RE effort is still likely over 30hrs/week. looking forward to freeing up another 50hrs when I can step away from my other business.

It has been a huge help in my RE investing career.