But while your houses remained the same value, the value of my building just increased $24,000.This is just 1 example of benefits.

But good tenants are out there and you must remain vigilant.

As for renewing the mortgages, I would think that as long as your credit remains high and the rentals are occupied you should be okay.

She actively participated in her rental real estate activities, so she can use the remaining $11,000 rental real estate loss to offset $11,000 of her nonpassive income (wages).

Then use the remaining proceeds to purchase your other property with the maximum leverage possible. 

So then you’d subtract your debt service from your remaining $160k.

Zillow has it valued at $212,524 and listed as 5 bedrooms.So, the basics are that I offered $15k in cash to the Seller towards their equity with the remaining equity to be held as a second.

The other side is an investment property and you will pay tax on the gain associated with it unless you do a 1031 exchange and defer the tax by using the process and buying another investment property.You can always move out of the one side and use the entire property as investment for a year or so and then sell and 1031 the entire thing.But The really powerful thing is that if you hang on to that property and continue to live there until you qualify for the primary residence exemption you can then sell and take half of the gain tax free and defer the tax on the remaining gain with a 1031.

Still a good investment for my target return threshold.The unit remains un-rented, but I expect it to be filled in the next couple weeks (nudge nudge Wistar mgmt!).

I have a partner lined up to go in with me on a small MFH for us to occupy and rent the remaining units, if we can find one which makes sense.