All my rental proceeds go back into the rental account( I have a W-2 job now).

For the 1031x thoughts you need to talk to your accountant; main question is are your current properties in a 1031 that would make it easy.

Since the bank will pull the funds back out of your account when the check doesn't clear, I book the check against the rental income account and not as an expense.

One of my friend has a MLS account and she told me this is what my place is worth.

Account Closed that's such as back and forth debate, with no one size fits all answer.

If you assume your BRRR property is in the same area appreciating at the same rate you are missing out on the benefits of leverage.There are a couple of wonky assumptions in here though.If you are really doing a BRRR I don't see where you are accounting for the "renovate" part of it.

After P&I, taxes, insurance and $100 into bank account we split $200 cashflow.

Still account for maitenance and vacancies as you would see on the other units of the property but the goal would be for you to move on to another one at some point and of course you can always stay there if you want.

@Joe Splitrock I'm actually pending a call with my accountant regards the rental home and how that's looked at from a tax perspective.

Yes, Home Depot has a bid room for Pro accounts and anything over I believe $2500 can go through the bid room.We are picking finishes for a 284 unit deal we are closing in a few weeks and looking at ordering via HD Supply.Some items we may source directly from the manufacturer in China.