With a 1031, you would have to meet stricter timelines (identify a new property within 45 days and close within 180 days) and use a qualified intermediary.Recommendation: The 1033 exchange is likely the best route if you’re looking to reinvest and defer capital gains, as it provides more flexibility.This post does not create a CPA-Client relationship.

Put simply...I've seen turnkey sales that were done terribly in terms of rehab, weren't in great locations, and had tenants that were paying over market rent (to make the numbers look good). 

That is a full-time business in itself so we simply pay to skip the line there. 4.)

. - patience is the key in this market right now, as many of the deals we've reviewed simply don't work. 

This gives me access to a large network of skilled contractors, including plumbers, HVAC specialists, electricians, and general contractors.I’ve identified a promising opportunity with an auction property, but I’m unsure how to accurately estimate rehab costs with only a small window to do so.

Newbie here- I haven't identified any specific assets yet but I'm looking at 4plex or smaller.

Create a simple spreadsheet or written list to compare the features of each and identify the ones that align with your requirements.

Even if you fail to avoid a situation, once you find yourself in one 99% of the time simply running away is a better option than shooting somebody. 

There were 100% some rough years early on, to be certain, simply because it's hard to perfectly time the catching of a falling knife, but those that weathered the storm are sitting quite pretty today.

Is it simply not up to code?