But the two may not mix.An intermediate product like a TIC is a good thought but since what makes the tic qualify for 1031 treatment is that you take a deeded tenant in common interest in the real estate, it too must fall under the regs.

It will be very important to invest in the right area and product where demand and market rent will remain high even through a downturn I suppose.

Did you spec out products when asking for a quote?

Was your DTI low enough after your 1st property?

I am a newbie.I would think refi makes more sense because of low rates.

This allows them diversity in programs, products, and rates. 

My initial plan is to create enough passive income to replace my current income (and keep growing it) so I can use my time to turn ideas into products that I can sell to the masses.

I also reiterate that I like to keep rents low, but if I improve the place more than it needs to be, the rent must come up. 

Our debt is low (other than current home mortgage) and our credit is excellent, if that makes a difference.Thank you!

I also think vacancy at 5% is low, as is repairs at 5%.