This is particularly useful if you find a lower-cost property that needs some updates to attract high-quality tenants.Reverse Exchanges and Parking Arrangements: If you spot a great investment opportunity before selling your current property, consider using a reverse exchange.

I'm with the nation's premier cost segregation firm here at CSSI.

A lot to unpack but my overriding 'advice' for what it is worth is to make sure you seperate the values of the park and the tri plex and analyze independantly. 

Sort of like a fishing village, but great beaches, parks, etc. 

You can deduct the cost of labor and parts to maintain or repair your business assets, as long as the expense doesn’t prolong the useful life of the asset or increase the value of the asset.Tangible Property Repair Expenses That Are Deductible:Replacement of LightingRoof repairsResurfaced external or interior floorsResurfaced parking lotsInterior or exterior paintingReplacement of doors and windowsRekey locks

I have experience working with Minneapolis, St Paul, Columbia Heights, Falcon Heights, and indirectly St Louis Park, Hopkins, and a few other municipalities.

Consider all the things that could go wrong and see if the lease addresses them: unauthorized pets or tenants, early termination, security deposit, lease violations, late rent, eviction, lawn maintenance, parking, etc.5.

My home base is Detroit, Michigan :-) but I work to pair investors with turnkey rental investment properties nationally.

I could hear the dog yapping while walking through the parking lot. 

Do your research and visit any area at different times of the day to get a feel for the parking situation, noise levels, and traffic.