. 😊🙏🏼 I am concerned for your financial health:- I believe RE is more challenging than in recent times.- I believe the highest cash flow markets have the highest risk.- I fear a rushed purchase has additional risk.- make sure you have a good 1031 intermediary.- I believe the local market is challenging, especially with your goal of immediate cash flow, and not local (out of state) is higher risk and effort.Where is your current property that you are selling located?  

Following their guidance produced consistent results for me:Over 600 investment properties deliveredFive-plus-year average tenant staySeven evictions in 17+ years (1,000+ tenants)Zero rent decline and zero vacancies during the 2008 crashUnder 2% vacancy rate long-termProperties don’t pay rent—tenants do.

Or is this a normal part of the process, and I should only be worried if they can't produce the warranty?

If you need some resources on that market I can send you some great ones.Your budget is healthy for single family homes in Detroit in solid areas.

Information available for commercial properties was even scantier, broker’s handling commercial listings produced teaser “information sheets” and much more elaborate “offering circulars”.

Before jumping right into saving for that next investment, I'd strongly consider building a separate and very healthy "uh-oh" fund just for this duplex.

If you do the rental you lose the $500,000 avoidance at the end of 5 years unless you’re military.I believe it’s worth it for a few reasons.A) High W2 income earner with no flexibility for tax deferralsB) Have a long term goal to own a few income producing properties in the Chad Carson small but mighty mindsetC) Plan to hold property for long term.

They produce custom uPVC and aluminum windows made to our specifications right here in Pennsylvania.

A healthy 401k and IRA savings for their age (early 50s), a paid for little old commercial building valued at 200k that is currently being renovated for wife to start a small business out of.

Thank you, RTR, for providing excellent and valuable services from start to finish, making it easy for out-of-state investors to own income-producing rental properties.”Forget folks swimming naked when the tide gets pulled, the sharks now need to put on blast.