Avoid deals in poor locations with high vacancy rates, overpriced properties, significant deferred maintenance, and unclear financials.

@Christopher ReynoldsIt's exciting to see your enthusiasm for real estate and your vision for financial independence.

Based on what you shared you are not financially qualified to own real estate.

Hello Michael,I echo Jon, completing a 1031 of a single rental into DSTs in straightforward however we typically recommend a portfolio of DSTs for diversification and financial objective purposes.

Once again, I had to ask my family for financial support—a daunting task after the first loss.

Sellers who are in financial distress or dealing with a property in poor condition might be more open to this type of arrangement if it helps them get back on their feet.The key to making this work is transparency and clear communication.

Working with AvantStay caused me large ongoing financial losses.I signed on with them to manage two of my properties in vacation markets.

If you need financial help, ask under the "Finance, Tax, and Legal" forum.

So basically in my mind this would not be a great financial move as we be accruing about 200k more in debt if we were to sell one house and take the cash from there and use it as a down payment.

I'm eager to learn about how to find and fund properties that help my family financially and my community with affordable/reasonable dwellings for young families and newlyweds.