Do you have the skills needed to manage it well and prevent losses?

I would day often NO.So it’s a tricky process - trying to thread the needle.Best advice is to work with a broker who has been there and done that and can guide you thru the process. 1031s are not rocket science but there is a skill and knowledge component to successfully get one done.Also pick an Exchange intermediary and trust their advice and counsel.

I can’t get the same answer that was in the book.For the ““HONE YOUR SKILLS: CHAPTER 7” the answer in the book does not make sense.

The ability to perform this analysis requires financial literacy and the capacity to underwrite the deal of your dreams.Therefore, the most direct route to a career in development involves acquiring the necessary skills and tools to accomplish the job.

I personally love house hacking, as it is a great way to reduce your largest expense, get into a property with some of the best financing vehicles available, and also sharpen your land lording skills. 

Once you blowing them away with your asset manager skills, then move into larger roll in the organization...always ask for a piece of the equity on every deal, no matter how small.   

Would love to chat with folks experienced in these specific areas and any resources for continued learning and growing my network and skills. 

This could be a sign of strong negotiating skills among sellers or a market where buyers are willing to pay close to asking price.Finally, the Median Sold Price is $576,500, which gives sellers an idea of the average sales price in the current market.

I’m having a hard time figuring out the answer to the last question at the end of the chapter in the Hone Your Skills section.

Many appraisers don't have time or knowledge/skill to go after that type of business and may welcome the help.