Two landlords: one evicted, one sold the place to get away from her, $8K combined debt.

Were the investment properties acquired with both Traditional 401(k) and Roth 401(k) Plan combined funds?  

We have a good chunk of change saved (~250K after down payment on our first house) and we make a bit over $200K combined from our day jobs.I'm thinking that a multi-plex in third ward may be the way to go for our first rental, maybe with 10% down.

Well, if you sell a STR for $400K and your basis is $200K, you are likely now in the top bracket for that year, when you combine that gain with your personal income.Number one, what does everyone think the practical effect on STR investing will be, if any?  

Some things to consider include:Do you want to invest for cash flow, appreciation, or a combination?

Do you want to invest for cash flow, appreciation, or a combination? 

You might feel like you have to put all this money down to buy your first investment property and hope it works out.The BRRRR method involves combining a fix and flip and rental investing.

I am planning to use a combination of cash and equity to finance my 2021 goals. 

The other 20% is probably a combination of expected capex, tenant mix, and gut feeling.

You should be buying a combination of the two, ideally, but if not that then you should be living as cheap as humanely/reasonably possible and buy an investment property first, financially speaking.