This only applies if the property you are selling and the one you are buying are both investment property and you have to find and buy the new property within a certain time frame (I think three or six months), but it can save you quite a bit on taxes if it works for you.Otherwise, I'd recommend parking your money in an index fund if you want a relatively safe investment.

Another way that financial advisers look at things is to assume you can safely take out 4% of your retirement nest egg (they exclude rental income) yearly and you probably won't run out of money before you die.  4% of $350K is 14K per year.  

More and more are doing remote closes (which are the best), better be safe and check though.

I had a deposit on this one.. in the day it was going to come out at 950k and I could have swung it... ... but now its 1.9 ... so I won't be upgrading anytime soon.But for MI to buy a corporate ride this is a very nice safe plane ....

Also through the county resources, the deceased is still listed as the owner, and by the history and age it is safe to assume that the house is free and clear. 

. $1,500 first year) = $2,775$2,775/3 = $925/$3,791.66 = 24.4% Cash on Cash Return for my buddies and a little bit better for myself (not taking into account our time invested, which as I said before will be just as accurately identified as experience)It is not much, but we all wanted to do something and we thought this would be a good learning experience and a safe test to try Single Family rentals.

I’m worried that, as a beginner, if I screw up I might find myself in a real pickle if using a more risky financing vehicle.OR maybe play it safe until we get our feet wet and then look at expanding into other finance options later?

That makes me proud and happy to be a part of my city’s revitalization, however small my part may be.My Pros and Cons:3 Pros:Price points are low even as the city's economy is growing in many sectorsROR (12%-18%)Lots of solid brick, historic and craftsman buildings3 Cons:Hot, muggy summers and cold icy, wintersYou need to know the city to be sure you're investing in a safe area; two blocks one way can be completely differentRacial tensions; one of the most segregated cities in the USAs real estate investors I think we must be business people and also dreamers, whether the dream is about the impact we want to have on our community or our own lives.

Total Expenses: $8,734NOI: $17,380Vacancy Rate: 6% (agent said to use 10% to be safe for this market)My calculationsIncome: $26,352 (@ $549/unit)Expense: $15,811.20NOI: $10,540Comparable properties in the area rent for $500-800 in the area, water and/or other utilities seem to be included in some combination in most other rentals locally.And I looked up the assessment/tax info again (appears to be listed per unit with county)Assessed value: $32,147 per unit x 4 = $128,588 totalNet tax: $642 x4 units $2568We are seeing the properties today so I'm hoping to verify some of the actual numbers.

Regarding depreciation - it will depend on if the units were "in service" at the time of the rehab.There is regular depreciation, bonus depreciation and potential immediate write off with some safe harbor.If you did the tax returns yourself, you may want your future accountant to review your prior year tax returns.