I love leveraging the local landlord assocations for cheaper materials.

Would like to understand 1031 exchange rule to understand what is considered as boot that would be taxable. 

They (gov't) can then pay off their debt with cheaper money.

@Mason GriffinStarting with a duplex and using a VA loan is a wise decision for first-time homeowners since they often have cheaper interest rates and do not demand a down payment.

Or are you open to buying something that needs some rehab for cheaper?

I can see how this might not apply the same way in high priced properties  but down in the cheaper properties it matters a lot.

There are few other markets also even more cheaper but has been appreciating steadily.  

Did the Cap-Ex on the triplex affect your taxable income?

Their policy may or may not require a certified 3rd party appraisal for any taxable event such as a distribution in kind.Current valuation is all that matters here. 

It's neither quick nor easy, but it is life-changing and thus worth it.Flipping and wholesaling is NOT investing, it's a job and it is transactional and the profits (if any) are highly taxable income.