Since you are from WA, I am wondering if you know how that market perform. 

@Jason Kahan To perform a 1031 exchange, the ownership structure is crucial.

Proof of Services.Be prepared to provide proof of the services performed and hours worked, especially if the IRS requests this information during an audit.6.

Also, don’t forget to explore platforms like Airbnb and VRBO to see what properties are performing well in your target areas.

.: Quote from @Barry Clay: Relative beginner here, I put an offer on a 2nd lien for 14K non performing note in Florida.

It typically involves the following steps:
1.Seller Deliverables. Request a detailed list of documents and information from the seller, including financials, leases, contracts, capital expenditures, surveys, environm...

We have several rentals that we have purchased over the years near the Woodlands/Conroe area that have performed much better for cash flow with the same appreciation %.

If they perform poorly, you are out the rent income or their paycheck, and you have to pay to fix the problem.

Also interested in Andrews feedback on the deal performance and the property management experiences.

To add to what @Jonathan Greene wrote:1) Understanding the local market, so you know what Neighborhood Class your building is located in, what Class your Building is (condition & amenities), and what corresponding class of tenants will be attracted.2) Using all this data to properly set your expectations and a realistic ROI.3) How to better screen prospective tenants, including catching fraud, so your property performs better.