Much less complicated / expensive than building from the ground up. 

It's not impossible to do a 1031 exchange out of a property while carrying back a note, but it's complicated enough -- if you're going to make the deal attractive to him, find out if he plans on looking at a 1031 and come prepared with information to help him navigate the hurdles that come with the seller financing. 

Nevertheless, it will be a bit complicated. 

You can do it yourself; the process isn't terribly complicated and doesn't require much technical skill, but it is a lot of physical labor, and you'll probably want to get friends to help.

I don't know Ryan Kuhlman and haven't reviewed his work, but generally I think just about any of these gurus are going to be unnecessary and overly expensive.

If I didnt have time to learn it, clearly I wouldnt have time to make something so complicated be successful. 

You have quite an opportunity if you play it right.MikeYes it is both simple, and quite insanely complicated.

A reserve is unnecessary, but I still keep around $15,000 - $20,000 in my account.The point is, that you should sit down and assess your finances to determine what the worst-case scenario may look like, how much you would need to cover it without impacting your life, and whether you will need to build a reserve.

Yes, if the price was wrong or the rewiring of the house was needlessly complicated and expensive.

.- The guy with 3,000 posts on BP may be selling you something, like a totally unnecessary $10,000 course or “mentorship”.