Toilet is held by 2 bolts and nuts and any skilled person can replace it in 10 minutes unless it has cast iron waste line or an uneven floor.

Here’s my bottom line.  

here is what Showmojo shows in their market research and I would say our local numbers show this out as well. hopefully the 2024 line takes a dive down but historically that is very unlikely.

I’d recommend looking for properties that already have stable tenants or need minor updates to increase rents down the line.

Are you in a market where water lines could freeze in the winter if there’s no heat?

He would also not need any private money lenders to close these transactions -- his bank would be dying to give him a commercial line of credit. 

To better homes in the area and to create a product.

It isn't the metric you can talk about on a national scale, but if you keep buying the same product in the same area it is a very easy quick and dirty method to know how you are doing compared to other buys. 

Here is the how I would explain it to a kindergartner:The true power of a 1031 exchange is the ability for an investor to meet their investment objectives without losing equity to taxation.With more money they can buy larger, multiple, or more productive properties.What is the alternative?

If you are going to add value to the house you might be able to get an equity line against the property to use to fix up the property or negotiate some repair money from the seller that you get at closing.