Let's see: You sell one property, and to avoid paying cap gains tax, you then reinvest those profits within 45 days into a larger "like kind" property.

Interest only loans allows them to get a goal profit of $500-$600 per month per property.3) Each acquisition would require 20-25% down at an 80-100K purchase price. 4) Closing costs, and the Eric Spofford turn-key transaction fee of 10K would be in addition to the down payment and were not included for the purposes of calculating the cash-on-cash return.

In general, any time you have profit or depreciation recapture that would cause a tax. 

When you add rehab costs and effort, holding costs, and selling cost there is not much profit. 

You may be profitable, but I'd prefer to avoid the possibility of having to do unnecessary repairs or not holding my tenants accountable for damage when I know their actions might have caused any unforeseen damage. 

Following the shiny object, throwing money at a market you don't know well, and blindly trusting strangers that have a clear profit motive put you in a poor position to succeed regardless of where you choose to invest.

Likely not allowed in the lease and if the landlord were to allow it they will partner with you and take a good chunk of the profits.

Sell,  pay the taxes, and give them their $1,000 plus half the after tax profits?

So from experience I can't say it has been beneficial or not to our profit.

Having fewer but better properties will be more profitable in the long run.