I’ll keep you posted , I’m not gonna pull the trigger unless I can at least match my current principal and interest payment with the now loan.

Great principles of staying taking massive action but staying patient, persistent, then putting all that knowledge to use and pulling the trigger when it all came together.

It’s always just pulling the trigger on the first one.

Wanted to share this really quick with you: I had the passive income bug years ago, read Rich Dad Poor Dad, got into real estate and started out wholesaling as well.Did it for YEARS before I got the courage to pull the trigger on my first buy and hold.Once I got that first rental - I realized that there had been nothing holding me back (but myself) all along.I also realized that only rentals were going to give me the passive income/freedom I was after.That's my biggest regret - not jumping into rentals first and getting sidetracked with wholesaling. 

Being able to rough guess repair costs and pull the trigger is what they do

I am very cut and dry lol some people like it some hate it.

In any case I'm just trying to get a solid plan together so know how much money I will need for up front costs before I pull the trigger and get a loan.

By taking it out from under the 401k umbrella, under the rules you are triggering taxes.Never think that a 1031 exchange is saving you taxes.

Just by reading your post it sounds like you need to learn a little more before you pull the trigger. 

Happy now to have pulled the trigger on BP and cant wait for the next step.