Single Family Home (East End Louisville)- Originally my primary residence ($209k)- Property is in our personal names (not in LLC)- Comps in the neighborhood are $285k- Built in 2002- In well established  neighborhood w/ middle income families- On 15 year 2.99% mortgage w/ 8 years remaining and $115k principal balance- Currently rents for $2,185 month/$26,200 annually- NOI $16,320- Cashflow $4,500/annually - $12k principal pay-down annual (current year)- Currently getting less than 3% return on our equityOriginal goal was to not cash flow but pay off property, allow appreciation, sell property at end of loan and use capital for additional projects. 

When the property is finally paid off its entire market value at that time in yours so it is as if you were setting up a bunch of savings accounts that will each have an equity balance that will belong to you , long term of course and the rest is just simply ways of managing the debt, cash flow, and appreciation to your advantage.

Originally posted by Account Closed:There are a lot of people asking questions about Turnkey recently because acquisition costs are so high in CA IL NY WA OR and parts of TX.

There are normally delays involved with short-sales so you should take that into account.

I'm not a lawyer, but I don't see how the property owner could be held accountable should he offend again.

What do you wish your accountant did better? 

Account Closed  I would think any realtor could get you that list.  

I have consistent income for the past 2.5 years, money saved, as well assets such as an investment account which I hope can look convincing to a bank.

My spidy sense started to tingle at "$500 each in profit," that's a lot and makes me think that either you're not properly accounting for all of your expenses or you have so much equity that your ROI is terrible.

Since you're doing two exchanges if one of you were to purchase that property solely from their exchange account you would have sold $165K of real estate and purchased $225.