I remember seeing a triplex where the rents were 2% but then looking at the property I found it was a single family that was split into three pieces, it wasn’t permitted multi-family, and none of the additions had been permitted when constructed, and the owner was paying over 800 a month for utilities.  

Alternatively, you could continue to hold and rent them out assuming that they are cash flowing well and either do a cash-out refi (preferable for your next buy/hold) or a Heloc (preferable for fix/flip or value add purchase) and utilize some of the equity to increase your holdings.

I really like the concept of being able to utilize 1031 to defer my very substantial SFR gains by reinvesting in fractionalized property interests managed by DSTs in larger Multi Family and Commercial properties.

Would have capital for rehab cost.Would like to utilize BRRR method once I become more compentent in REI.

There is a long-term tenant living in the house now and I'm being paid 100% from Section 8 though I found out in January this year that my tenant somehow hadn't been paying utilities for 24 months and somehow still hadn't had their utilities cut off.

We learned now to really carefully look at utilities before buying a property.

One absolutely should be able to produce a balance sheet (assets and liabilities) for your RI because put simply you’re running a business and that’s what businesses do.

Rental income $14,400/year, taxes $2900, Ins $504, utilities $700.BRRRR- cashed out $60,000 and bought the other half last month, $40,000.

Account for utilities.

Purchase price: $44,501 Cash invested: $13,300 Sale price: $129,900 Quick flip, rehab time was 3 weeks, just needed clean out, new flooring on first floor and carpeting through stairs and 2nd floor, Property was built in 95 and has a full basement with French drain and newer utilities.