You must know something about it already, since you got involved in it. 

Plus, no matter what happens Mark is my guy down there and I told him if I ever made a personal comment about his relationship, to tell me to stick it.They always lock the gate at night so no one can drive on to the property and to keep the guard dogs in.Later while my wife and I were driving and checking our storage units, I called Mark to re-iterate we had heard about this and to let her know we will never get involved in their affairs.He said. 

While the traditional approach involves buying a multi family property, living in one unit and renting out the other - with rising prices and interest rates; others have considered renting out bedrooms as unit spaces. 

For your first question, writing a scope of work (SOW) involves detailing all the tasks and materials needed for your project.

Although I agree with @Nathan Gesner in part, I think he is off base in categorizing a relationship based approach to landlording as "amateur".

Offer to intern, find a way to get involved.3rd - If you find a deal, you can then find financing! 

Undoubtedly, the biggest regret is getting involved in the short-term rental market.

For the most part, I think I understand the basic idea of a 1031 Exchange.

The QI has to be an unrelated 3rd party to the transaction. 

There is less risk involved in the cheaper properties .