Currently, there are no window treatments or curtain rod. 

Whether it be stock market sectors, commodities, or real estate, the smart guys have vision and seize opportunities before the crowds arrive.

It just takes a vision, persistance, and financial literacy.

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Hi @Christian Thompson, The 1031 Exchange allows you to sell current property that you hold as rental, investment or business use and defer the payment of your capital gain and/or depreciation recapture taxes provided that you reinvest in property that you do not already own that will also be held for rental, investment or business use.Purchasing property from a limited liability company that you own is purchasing property from yourself, which would not qualify for 1031 Exchange treatment.

I worked in a profession for 25+ years that, looking back, with 20/20 vision,  by all accounts, was a complete and utter waste of time/money.

If you decide to wait past the year mark you could be eligible for capital gains treatment. 

Honestly I know I could've gotten that deal (seller lived in PA) but he needed the money from his home to help pay for his Cancer treatment so I decided I don't want to toy with this one.

Vision, strategy, and positive thinking are all helpful as well.

I am not a jerk about it though - I will generally give them some of the cash back and in some cases I gave it all back.....all depends on them and their treatment of me / my property.The tenants are almost always better - they take better care of the home for sure but they are harder to find in today's market as most do not have the cash to put down.Also consider land contracts - same structure but they get to deduct the interest on their taxes and that is a good incentive...A trade off with evictions but if you know the laws in your state you can get a land contract (With the right wording) to be treated like a lease - option in front of a judge.