I'm also following this post closely.

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@Marc Winter - I'm following this conversation.

Buy another property I have an eye on in my target neighborhood for 90k with 20k rehab. it cashflows well and I would use the sale proceeds to cover the property, then refinance after rehab and pull out money again for BRRR. property would build about 35-40k in more equity following rehab in addition to the good cashflow.option c: 1031 into multifamily or larger property find a 600k property, put 150k into property as 25% down, mortgage the rest.

@Luis Crespo, just saw this post and wanted to follow up and see how this worked out for you.

My stomach is in knots on whether to put an offer in for the following property.

For your state (Washington), it's defined in the following link and you can read it to see what you must provide: Washington State Legislature: Landlord Duties

Personally I think it's gonna be a doozy, and I've heard economists and analysts say this time things are different - followed by those same people saying the most terrifying thing you could hear a financial analyst say is "this time things are different".

Stay pushing forward and post updates if you could, thanks for sharing bro and good win.

I guess a follow up question I didn’t know I had would be: so When your home goes up in value ($100k over 2 yrs in your example), and you only have 25% equity after 2 years (20% from down payment + 5% from extra 2 years of paying down), does that mean that you now have equity worth $100k (25% of $400k purchase price) or $125k (25% of $500k market value)?