Simple easy advice which I was leaning towards but just could not determine if that was the right move.

(I could use the $800k for the next 2 years myself and get a better return than if I kept the property and collected the rent on it.How would the irs view1.

Let your target market determine your strategy.Price points here are increasing, but I make the case daily that it's a market-area correction.

Or, until you have a real estate empire then just file a Ficticious Business Statement and use a DBA and you can still get separate tax ID numbers from the IRS for each DBA.I am cheap and before making every business decision I often think about everything for several months, or even several years.

Just have to follow the irs rules.

Personally I have utilized the CPA I have for many years because she was a former IRS auditor, I have accounting persons for the strategy aspect and the CPA for the "CYA" aspect of looking for red-flags.

I will probably reach out to many of you and just try to connect with everyone because that is my nature and I am determined to get started. 

How much did you save and how did you calculate and determine that amount? 

Currently, I own a townhouse that serves as a rental property, but I have been trying to determine what the best path is for my next investment.

We prefer being on the fringe of a larger city as we really don't understand city people that well and find it harder to determine what features they are wanting in a unit.