The architectural design to meet sound insulation requirements as the following:   - 50 STC (Sound Transmission Class)   - 50 IIC (Impact Isolation Class) The apartment complex to have flat roof area of 500 -700sq. ft. that is ready for photovoltaic panel installation.

So far it's been working great...covers my monthly nut so basically living for free.Right now I have about $360k left at 4.3%I have about $170k in cashWas thinking to use some of the cash to either invest or perhaps pay down some of the mortgageBut...this sweet house for $650k came on the market - it also has a main living area and a carport that can be rented out for $1500/mo or so.So I'm thinking if I deploy 20% into that I can live in the 2nd house and the cashflow from the other house + side rental should cover it all.Do you think this is a good idea or given how hot the market it is would it be safer to just pay down the first mortgage first?

Besides that, am I missing anything huge for an introductory meeting?

I am meeting with a few more contractors this weekend, but wanted to see if I can get some thoughts here first.A few facts:-Assume all permits and drawings are approved by the city.

The IRS considers debt reduction (when not replaced with additional equity in a new prop) to be the same as cash in terms of its benefit to you, so you would be taxed on the $125k you didn't roll over.If you don't want to carry a mortgage on a new property, you could sell, use $125k to pay off your current loan, and then put in an additional $125k of your own cash to make up the difference, resulting in $325k of equity in the new property/properties, and meeting both the equity and total value rules.So the short answer is YES, it is allowed for you to go from a $325k property to a $200k property while paying off your $125k loan, BUT you will pay taxes on the amount you don't roll into the new property ($125k).

Huge plus if they also help with project management for small rehabs.I am travelling to Montgomery, AL next week and would love to meet with them.Thank you!

Their fairly recent Chicago HQ is a beautiful building and a big reason Fulton Market went from red-hot to white-hot...certainly wouldn't mind working there.If you do visit Racine/Kenosha area, obviously would love to hear your insights.

But I've heard about shortcomings of that site like if you are the winning bidder and the amount doesn't meet the price the bank is looking for, they won't sell it to you. 

I'm new to the real estate and would like to meet folks and discuss opportunities, resources and strategies for investing in the Augusta area.

Answering these questions helps real estate investors drive the future and buy in to hot trends while they're cheap.