Has good job at a local factory & recently started school to become a welder. 

Also -without an in service rental, you have no schedule on your tax return on which to deduct those expenses. 

I think THIS can be better than a 1031 exchange because the seller will start off with a fresh depreciation schedule in the new property.

Making effort a top priority, I was able to put up some satisfying numbers.On the phone [from 11 July 2024]:📞 11,005 Calls🏘️ 2317 Addresses Reached📌 50* Leads Generated🔎 7* Properties to due diligence phase📆 2 Scheduled Closes💰 1 Closed*Denotes: Database did not track metric from Day 1.The last 6 months have given the groundwork to build on.  

Our job is to rapidly identify, qualify and analyze all listings, tour the propsect as soon as possible and write workable and winnable offers.

The problem many of us run into is being in New England, many of the markets are high cost, high appreciation markets that we either can't get pre qualified for, or even after moving out will struggle to cash flow.Another big constraint is that many of us have W-2 jobs in engineering that require some days in the office, and these types of higher paying jobs are primarily in major cities (most of us are in the Boston area).Lastly, a lot of us have significant others that may be less interested in living somewhere "random" because it makes sense as an investment.

Great job for taking the leap.

For starter, I am married to my 9-5 job and looking for a way out.

Start by scheduling a walk-through to assess the property and confirm renovation needs.

@Bruce Woodruff did a good job with some basic numbers and it looks like a loser.Plus you are paying a premium over the average.