Step 2- close and start rehab-- would need to pay holding cost during rehab?

Steady pay, you can learn how to manage property and deal with people, and you'll be licensed to handle sales on the side.

Section 8 refers to a voucher that some people use to pay for their housing.

., get a higher paying job, work two jobs, go to trade school, get a higher paying degree, live in affordable area, etc...these are things that most of us did).

The reverse mortgage company wants buyout and I dont have over 200k to pay out.

Assuming it simply won't happen, is failure to plan.

I have found that they worked really well when it comes to getting better tenants and better rents, and having less hassle, less headaches, and then getting a higher sales price; without paying closing costs or realtor fees.

Remember, in this model, you are planning on holding on to these properties as rentals so pay now in quality, or pay later in headaches and repair costs.

So all of the gain and depreciation recapture are initially still tax deferred.However, like Joe said, the down side is later when sold  you lose the 1031 option. the client will pay tax on all gain and depreciation recaptured from before the 1031 also. 

I was wondering if it is worth paying for BP pro membership for the special discount with Home Depot (e.g. flooring, appliances, etc).