The deal was contingent upon 60 day due diligence and a clean Phase 1 environmental assessment.

Often when buying properties you will be looking at and assessing a number of properties before making an offer.

I know the basics of house flipping already and I flip in the Bay Area.Please don't comment here and say that coaches and etc are scams. 

The Pacific Northwest is competitive, so leveraging those connections can be a game-changer.Second, when analyzing deals, ensure you’re building a framework to assess not just the property’s performance today but its future potential.

It will familiarize you with the basic terminology and benefits of investing.

My basic assumption is I would be trading a certain level of cash flow for increased appreciation over a period of 10 years.

Personally, I'd prefer dollar-tree ones (if basic, uncluttered look) over none in the room (bedroom, whatever) because I want to encourage trash being put away.

I'm basically looking for input in the following:Option 1: Buy a couple of properties and split the money from the 1031 exchange for the down payments.

First, I'd suggest getting familiar with the basics of real estate investing—property types, financing, and market analysis.

It's basically dead in most areas.