Looking for a mentor to help us determine some good markets, strategies, etc.Thanks in Advance!

@Lindsey Kocher, Even before antitcipating a 1031 exchange, you'll want to work with your accountant to determine how much suspended loss you'll be able to unlock vs what carrying forward your basis in a 1031 will look like.

It sounds like it would be a great candidate for a 1031 exchange.The requirement is not that you had rented it out but you held it for investment purposes.Have a conversation with an accountant to determine what your gain / tax will be upon sale.

Your quote, "The property, deal, your time, and your finances @ that moment, will determine what you should do with each deal you find." hits home to me.

Terms simply means you are offering them their price, but you are deciding under what conditions.

How do you know how to price your new rental property?

Looking to either partner ($$$) or simply find a trusted, consistent source of contractors in either city that can assist with my fix and hold needs.

Great to see your determination, CJ, that’s the #1 factor that separates people who talk about BRRRR from those who actually build portfolios with it.A couple things that help when you’re just starting out:Hard Money Lenders: Build those relationships early.

Simply negotiate that with the tenant and include the language in the amendment that tenant is paying in $xxx additional SD at time of signing the lease amendment and put the total amount of the new SD balance held by you so it is clear to all parties how much the tenant has paid in.

Some people will simply transfer the property anyway and then simply make sure they do not make late payments or otherwise default on the loan because most lenders won't spend the time and resources to audit the account and discover the change as long as borrowers are making on-time payments every month.