GM Everyone,Looking at trying to work out my first deal (hopefully it is a deal). 

This 75K could be used as a down payment on a FHA loan, pay off the debt and probably still allow me to have 10-20k left over to invest in my first property.We talked about trying to rent out this property we currently have and purchase a new house but since our current home wasn't purchased intent for BRRRR the numbers don't work out unless we refi back out to 30 years and even then its a high rent item with high risk as our first property and vacancy could hit us hard.Has anyone had to make a decision like this, does it make sense to cash in on a property I have now to build a bigger wealth faster?

So that might work out well.

The roof is 5 years old, the units have been fully updated within last 5-10 years and of course I would have inspection done prior to closing.So it seems like the numbers work out well, and I'm not seeing a reason not to pull the trigger.

My wife and I were looking for an entry level house that wouldn't break us if it didn't work out.

Also, it's great to hear your success story, but how often does this actually work out, or are you consistently getting these to work out?

I've toyed with the Appraisal idea, but if these numbers don't work out them I'm out $2-3k in fees. 

I have access to a a great Private lender, so I guess I have that going for me.I've looked for Similar deals in the area, but inventory is extremely limited, and most Deals I've researched don't show the Sales price/cap rate without being a member or paying a fee.I think if the Owner is Willing to Price it based on the Income its Producing Now, then it should work out.

If it doesn't work out as you had hoped, then you always have something to fall back on.  

It will all work out in the long term.