Set a deadline for your first purchase and mitigate fears by screening tenants, buying for cash flow, and having a repair fund.

First, you would need to subtract allowances for repairs and vacancies (a necessary prediction).

Trying to manage a $1M Airbnb rental while it sounds good you got $6500 in bookings you still have significant costs to operate it with maintenance repairs, utilities etc.

You should negotiate with the landlord that you don't mind taking care of small repair items such as tighten screws, drywall and paint repairs.

With a full time job even 15 units gets tough between collecting rent keeping repairs up, preventative maintenance, looking for new deals, managing refinances, etc. 

Also, in a 1031 the seller cannot take possession of the funds so you giving him the downpayment to do repairs would be challenging.

Leaving you to move and store their items if required by law, clean and repair, etc etc.

Hello everyone,I have been given 15 day extension to show an effort to do repairs on a large SFH that now has a unlawful detainer/former tenant who has been found subleasing, damaging the property and preventing contractors from entering.

The second option is that she go to court, where she will lose, you get a judgment for everything owed including cleaning and repairs, and then you send her to collections where it will prevent her from qualifying for another rental, getting a car loan, etc.

I'm thinking a house hack with a V.A. loan so you could slide with that 0% down and allocate funds for repairs.