Let me break it down based on your scenario and the updated market landscape.Replacement Property and MortgageYou're correct that your replacement property must be equal to or greater than the value of the property sold ($440k in this case) to fully defer taxes.

If anyone also has updates please feel free to let us know what is going on here.

The 401k loan has a 5 year payback period so I'd really like to see the ROI with $40,000 down and 401k loan payments and mortgage payments running simultaneously. 

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.

Most who make $500k don't have nearly enough dry powder on the sideline to scale a real estate business quickly enough without making huge personal sacrifices for an extended period of time.

It is a duplex totaling 4 bds and 2.5 baths with modern updates, in great condition.

K-1 losses, generated through depreciation and cost segregation, can often offset distributions during the hold period, minimizing taxable income.

Typically, you'll have something like a 10 year draw period with interest-only payments, and then the balance is amortized over 20 years.

Put in offer, accepted Wooot. within inspection time period (Owner occupants) we went back and the electric was off and there was 3 inches of water in the basement.

Great tools that get updated regularly.I am on the lending side of things and would be happy to hop on a call with you anytime to discuss financial strategies and help answer any questions you may have about nearly any loan product available to help you on your journey, even if they are not products my capital partners offer.We are all here to help you learn and grow.