Or, should we wait to save up enough to start at a higher price point? 

I do have some cash saved up enought for a down payment, and i would like to buy a property to flip and make money, I KNOW IT IS NOT EASY, especially for someone who has never done it. 

This is where I grew up and my family is located.

I received the following email today.Good Afternoon,Be prepared!

Im pretty sure the ATI exemption will only apply if the property was previously assessed at the 6% ratio when the transfer occurred (i.e., when you bought it). 

Saving up or paying down the mortgages won't make a ton of sense with where you are at currently 

Going forward, what is the best way to structure the partnership so we can 1031 exchange in the future?

I'm a newbie myself to the community, but not to real estate!

Unit 1 is currently 1B1B and unit 2 is 4B1B, but the listing agent said the 1st unit could be converted back to the original 2 bedroom making the 2nd unit a 3 bedroom if wanted/needed.

@Brody Veilleuxi'd go to the market in person and walk around.i'm being serious - no app can give you a feel for it in person.hope this helps