Focus on getting your first property, reducing expenses, improving the property, and saving money by earning more. 

Improvement exchanges are a little more tricky so if you can structure the exchange where all of your equity + debt reinvestment can be dumped in at one time, you'll be able to do a forward exchange instead of an improvement exchange and it will save you on 1031 exchange fees. 

We just got it online in March and have had pretty consistent rentals, but are doing more direct booking than with Air B&B (through networks). 

Make improvements, get the property stabilized and then refi into agency debt.

A full list of improvements completed4.

Property appraised value increased substantially with improvements and new higher rental tenants

We have always had the philosophy that if we rehab our properties to a quality level, we will get higher rents, better tenants who take care of them, and we will improve the neighborhoods we invest in. 

Identify necessary repairs and improvements.2.

I’ve had investors that initially bought SFRs in CA and accumulated about $400k - then sold the properties and now are actively buying fixers, small homes and value add properties where they use the $300k to purchase and improve and make between $200k to $300k per year in gross profits when selling a renovated or improved property.

I on the other hand am begging for him to try a cpa since there’s alot of new concepts with maintence vs improvements etc for tax purposes.