This is my very first time renting the unit as I purchased it a couple of months ago.Though they are requesting application, but being out-of-state is not instilling confidence in me. 

Purchase price: $500,000 Cash invested: $125,000 Bought a 3 unit property 10 mins away from me!

I tried to use nerd wallet but their estimate is vague and you cannot put in purchase price/bed/bath information.

Adjusted basis is purchase price plus improvements less depreciation.

Account Closed if you want to ignore all of the strategies that get around your downpayment and just want to purchase another property outright then you would have to leverage something.  

After many attempts to explain this to Shellpoint they finally have readjusted the escrow payment to an even larger than initial amount.  

I work for/with a very investor focused lender and they support many of our luxury STR and second home coastal purchases for my client's in Oregon & California and they just waived the appraisal for a $800K purchase!

The last one I purchased was right at the peak in March of 2022 and when rates started to rise.

Over 25% of the residential transactions in Northern Nevada this year have been cash purchases. 

I am currently living in the main house, but will soon be moving in the upcoming summer due to another purchase.