Also, rents are less than the new build, which makes older units very desirable.

The biggest factor when looking at my current portfolio is the aspect of property quality (often driven by good advice at purchase and good property management) and a good, desirable area that always has good tenants, in good times and bad.I hope the BP members can help me learn if Dayton is a good area and who to talk to on the property management end in case I buy 6-12 unitsThanks in advance for any help and input provided by the community

I am aggressively moving forward as a real estate investor with single family, duplex, fourplex, and apartments; unsure of best option with current residence. 1) Sell home to capture 150k plus in equity to use as capital for real estate investing2) Refinance pulling out ~40k and turn into rentalFacts: home build 2012 - est value 350k - loan balance 163k - 15yr note 2.75 rate - desirable area - 5 bed / 4 bath - rental value 2200 - prop tax 1900Forgive if I forgot pertinent info.Regards,Micheal

If we performed this transaction and acquired a replacement property and had problems with tenants or problems with our primary residence or whatever and had the need or desire to stop renting it after X number of years and instead move into it what would the impact be for the 1031 exchange?  

Curious to get others opinions but has anyone EVER had a desirable outcome from using your servicers attorney?

If I see talk like this again I will report it as abuse and will try to assure the name is made public to whatever community you feel is D class but desire to make money off of......….

It is in a very desirable location, clean and livable, but needs to be updated.

@Mikhail FedorovI salute your desire to start investing in the MFH.

Most urban areas have less desirable areas and typically lots of abandoned homes.

I think many people have a desire to own their own place, but the happiness goes away really fast when the place needs a $25,000 roof, of $30,000 worth of plumbing work, or whatever and then the tenant leaves, passes away, or whatever.