Where I'm located the housing stock is predominantly quads and smaller... and its almost all converted SFH that are 100+ years old to boot (translated = rotted sewer lines, knob & tube electric, lead paint, asbestos siding & pipe wrap)... all the things that say OPPORTUNITY... and I've been missing it for over a year!

Reading "Fundamentals of Fluid Dynamics" doesn't make doing the problems simple, interviewing recent graduates about the struggles of boot camp doesn't make a 15 mile hike with 100lb easy, taking advice about how to fly in formation 100ft from another aircraft at night doesn't make it easier (or any less risky).

You could combat that with value-add of course, but I have no knowledge of your market and how much room there is to raise rents.

The local municipalities landlord laws can vary as well and make a big difference.Probably best to find some boots on the ground to guide you.

When you have "boot", it gets taxed first for the full amount. 

I currently live in Denver so I do not currently have boots on ground to see how bad it is.Thank you all in advance for your suggestions!

To say to a good tenant that due to weekend sleepovers and your new bf’s sub par credit score (even though he isn’t paying the rent), she’s getting the boot end of the lease seems like a good way to lose a tenant and piss people off.

The first act of the 1031 is for her to take 250K in boot. 

Will either partner be the "boots on the gorund" i.e. managing day-to-day activities on their own time?

But to combat that notion, and to ease my worries about properties dropping in value, I said to myself I will be buying more than 1 property over my lifetime (my goal would be to have around 15 doors) so my buying period is probably 30 years.