You have 45 days to identify a replacement property, but that starts on the day of closing of the relinquished property. 

There are options exterior wise AND in our approach to tenants (there are definitely a few problem units that make the area feel unsafe).Boosting rent would be great, but the real goal is to create an environment where residents want to pour back into the community and where people FEEL safe. 

I was able to find a policy, but they won't provide replacement cost value, only ACV/full repair.

This information is not intended to replace your own research, or to provide legal, investment, or financial advice.

This information is not intended to replace your own research, or to provide legal, investment, or financial advice.

You should not have to replace for 20+ years and it is the growing standard especially if you are attracting middle to high end user. 

Best part is parents will co-sign and once the cycle starts each year the student will find replacement roommate. 

Sounds like back to white/ off white is the consensus replacement for grey.  

But reducing debt by paying taxes isn't always optimal.One thing you could consider would be to purchase the first replacement property cash and a mortgage on the second property, kinda like @Jason Wray had mentioned.

So the question is should we purchase a home we saw for 480k now since we found some great trustworthy tenants to occupy our main unit, is this a wise investment or way to build portfolio?