My wife wants to sell to get rid of the place and I want to rent to reinvest the profit back into real estate to get more properties in the future, while using our jobs to pay off larger amounts of debt.

That is a larger immediate benefit versus merely delaying my gain.

He got a solid investment that he didn't have the time or energy to chase down on his own.

I have the time and energy to make roughly 500 cold calls a day, along with direct mail.

- I found that plus or minus every deal type takes the same amount of time and energy.  

Then we usually start with a smaller project as a sub and if we are both happy and want to continue the relationship, we would then invite you to bid one of our larger projects.  

Even selling your current residence and renting a larger house for a couple years might be a better option while you wait for the market in Texas to cool off and you can afford your needs for a better price.

Biggest mistake I made initially was buying a home for 130k - it's a good home but there's only a small pool of tenants who can afford the rent I'm looking for.If you're thinking of buying a rental for cash flow purposes, please don't spend more than 80-90k on you first single family home - I promise you will cash flow much better and have a much larger group of (perfectly fine) tenants to choose from.I also don't recommend buying a home for less than 50-60k, as that will just cause too much tenant drama/repair headaches.

The most common use is to sell a number of smaller assets and exchange into a larger asset that produces more cash flow, better efficiencies, etc. 

Maintenance expense are often higher and take a much larger percent of your income than with a middle income home.