Try to have your replacement property identified if not under contract by selling time.

Have you identified any out-of-state markets you're interested in? 

If not, please help me identify any errors or anything I missed and need to also account for.1031 Exchange ImplicationsE.

Hello Bigger Pockets Community,My fiancé and I are beginning our real estate investment journey but we live and work in one of the most expensive markets in the world - even though we are 20 minutes from San Francisco there is not a property in our city listed at under 1 million (yes).So I recently took a trip to Costa Rica for the sole purpose of identifying regions we would like to invest in and ended up finding a fantastic little condo for our starter property.

Leasing Management Program Overview The Leasing Management Program will involve the following activities: • Annual review of all units via the tax assessor database to identify potential "hidden" leasing situations. • Creation and maintenance of a list of all units/owners approved for leasing. • Creation and maintenance of a leasing waiting list for homeowners requesting to lease their units. • Creation and maintenance of a list of tenants' names and contact information. • Inclusion of tenants in the association website with "renter" level access. • Inclusion of tenants in the violation system, including sending notices to them when needed. • Regular monitoring of approved leases to ensure proper actions are taken at the leasing expiration and renewal dates. • Preparation of quarterly reports for the Board of Directors outlining the current status of the leasing program. • Coordination with the Association attorney as needed for enforcement of the leasing provisions. • Assessment and collection of costs for this program from the leased units by the authority of the Community Covenants, Conditions, and Restrictions (CCRs), $150/year.

What's stopped us from doing it is they would be able to see our internal notes & conlogs - which they could then use against us to tell us how to run our business and further micro-manage us.Every prospective owner that's requested this from us, I've been able to ask enough questions to identify the info they really want and then provide custom reports that cover it.

This collaboration highlights the importance of strong partnerships and local insights in identifying and securing profitable real estate deals.

This collaboration highlights the importance of strong partnerships and local insights in identifying and securing profitable real estate deals.

Once we have spent time identifying details that affect them, I am given permission to buy for them without them having to visit.

Quote from @Laura Au: Hello BP Community,I am first time flipper looking to identify an out of state market to do my first flip to generate cash for investment business rather than the buy n hold strategy.