They really had no idea what they were doing.

For the most part, I think I understand the basic idea of a 1031 Exchange.

can also confirm - seeing some mid term tenants flirt with the idea of moving to Memphis. funny no one is buying in Stanton, though.

Reeti, Great idea in checking on this aspect of the process.

For me they've been a great source of ideas, resources, energy, and comradery.

So for now have abandoned the idea.

I don't love the idea of having prepayment fees and a mortgage on my free and clear property but if I do a combination of things I would be able to make an above garage apartment at house 3 for 15k-20k that rents out for $1100-$1300.

I haven't identified any specific properties yet, but was hoping to get a PM lined up so that I could bounce ideas before purchasing.

I just recently came up with the idea to BRRRR too so I'll see what she says about finding these significantly cheaper properties. 

My approach is when there is that much unreliable information, I either call it a day and walk since I have no idea what comes next or I negotiate to a super deal so that whatever I haven't been told can be taken care of.