On the bright side, a lower LTV will decrease the risk of the project for you so it's a good buffer to have on your first deal

Because you have to keep the same taxpayer as owner from the relinquished property to the replacement property I'd worry that the legal protection you'd want for a development TIC won't be there.DSTs have high fee but probably are the best path forward for someone who wants to be fully passive and avoid legal risk.

thank you for the input. we actually have 20 years of experience. are you saying that after we have experience with the company? 

The house has now been appraised at $265,000 market value. 1908 sqft. 

What are the trends showing in the 78747 area? 

Coreen, welcome to the BP community, and thank you for your service.

Hi Kim, welcome to the game.

I have a program that will go to 80% on a cash out depending on the state the property is in. 

Any programmable thermostat that has the ability to lock the screen with a pass code should work.

Overleveraging by paying too much for the property mixed with mixing hard money with private money for a 100%+ LTV at the beginning of the deal.