Today, we need much more electricity and most K/T systems are not up to the challenge.Hopefully you figured in the cost of service panel upgrade, total re-wire of circuits, outlets and switches, plus the reno/repair costs that will be required after the electricians finish beating holes in the walls and ceilings.We know it is a major chunk o' change, but after completion you will have a house that is safe and up to current code. 

Your PM is supposed to help provide a safe and clean place for the tenant to live, not make tenants feel (potentially) uncomfortable and unsafe.

While I think that is wonderful, I do no agree with living life in a straight line and doing what is considered "safe". 

Seems like Home Depot is a pretty safe bet.

Proc. 2004-51), the IRS provides a safe harbor to facilitate reverse like-kind exchanges.

We are looking for a property management company in Chattanooga.Preferably, it would be greatly appreciated receiving authentic recommendations from satisfied @investor and @landlord .Especially, if you have accumulated a few years of positive experience already.Thanks for the help!

I don't know how much money you have but I suspect there are a very limited amount of deals you could potentially do if you had to dish out $135k for each deal.This deal looks very safe and conservative either way.

@Zaid Waheed it would be safe to assume that the tax rate will be 40% - 50%

Great, safe area with great rental market. 

If you 1031 into a property and then use it for rental for the next 24 months and do not use it for personal use more than 2 weeks or 10% of the number of days it is actually rented then the IRS gives you a safe harbor and will never challenge that your initial intent.