I read something along these lines (but correct me if my understanding is wrong): that if you get into a partnership and purchase an investment property (e.g SFR LTR 50%-50% with a partner), and then some years later you sell said property, you can 1031 your 50% into a new purchase.  

Have you ever had a situation when a seller didn't understand being creative?

@Meredith Ogden That's a lot money so take your time and understand the "challenges" you face when jumping into REI. 

I understand this is not an easy task as the price in those areas are increasing, but we're trying our best to keep the maximum budget at $500K for the primary residence.- We have started the pre-approval process with a lender and have a realtor we're working with to purchase the houseInvestment Strategy:- Aim to maximize cash flow while seeking appreciation.- Ideal cash flow target is $2K+ per month.- Planning to allocate the remaining $250K towards purchasing two properties in the Midwest market (e.g., Cleveland, Columbus, Indianapolis, Kansas City and open to exploring new areas where the entry point is affordable but the cash flow is stable).- Seeking properties that can generate $2K+ a month in combined rent after factoring in property management, insurance, and property tax expenses.Seeking Advice:- Would purchasing two houses in the Midwest to achieve $2K+ cash flow per month be a sound strategy, or do you recommend alternative approaches?

He is a solid person and we are going to start working some deals together.

I’m just an engineer that likes to tinker with numbers, it helps me understand concepts.

Also, I'm particularly interested in how to make this happen in New York City.Oh, and here's the kicker: I've got a little one on the way, so I really want to ensure my investments are solidly protected.

The success of this endeavor, marked by a considerable monthly cash flow, was a testament to our dedication and the supportive environment we fostered.Looking back, the greatest lesson was understanding the importance of community dynamics and the impact of neighbors on our efforts to create inclusive housing.

If it is me, it is ok but I want to know a better verbiage to fix my lease term so that there is no mis-understanding. 

I'm enthusiastic about the prospect of collaborating and learning more about your interests and objectives in the real estate market.My primary goal is to understand how I can contribute value to your investment goals and aspirations.