The plan is to get the home producingincome and then begin dividing the 20 acres into building lots.

Purchase price: $519,995 Cash invested: $519,995 Sale price: $610,000 My plan was to invest in a new construction 3 bed, 2 bath house and rent it.

Charles,I like the idea of deferring taxes until death :lol: I plan to enjoy the mula while here!

I don't plan on dominating the niche haha, I want to scale to bigger properties, but I want to gain experience first.

We can go there and have a look anytime before then, and I can send EMD if everything is as I planned.

I plan on doing a cash-out refi to get that tax free money back outI'm not doing a 1031 because I'm moving to Georgia after this sale and have a lot of other moving parts to think about.

If yes, and if you do not have much experience yourself, I would engage a local civil engineer to guide you through the initial planning phases even before you get to design & construction. 

They should be able to send you an address of a rental they own.2) If they plan on sharing a BP Calculator sheet for each and every property they send you.

@Llewellyn ClarkeIf you don't have the money you can set up a payment plan with the IRS.

I think most would disagree with the 15 year strategy but if you can afford it, its not a bad plan to build up some equity.