So all of the gain and depreciation recapture are initially still tax deferred.However, like Joe said, the down side is later when sold  you lose the 1031 option. the client will pay tax on all gain and depreciation recaptured from before the 1031 also. 

Be prepared to lose that $80k if you don’t do an in state live in flip.

Out of state investors can do really well here, but you can also lose a decent chunk of money if you buy wrong.Lots of out of state investors, especially those from California get a little blindsided because everything here is so cheap it all looks like a guaranteed great deal.

Have you ever heard of a Landlord being sued by a Tenant and losing property?

When one machine goes down you start losing money in a small way. 

- Land Contract would be better:)Question: how are you going to lose $2500/month if you rent?

It would be terrible to lose the home you worked so hard for over a mistake. 

Bite the bullet of $100 for photos, fill the unit quickly and you won't lose $1800 for another month being vacant.

Home went to tax sale county kept excess proceeds.

Used to keep small loses into becoming lawsuits.Normally offered up to $5,000 but check to see if higher limits are available.7.