Purchase price: $150,000 Cash invested: $60,000 Rented it for $2195.

I purchased a PreREO deal from them about 4-5 months ago. 

-------------------------------------------------------------------Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

So I want purchase it as my first rental property it's going to need rennovations for sure not terrible shape just older rancher home.

The property that you sell and then purchase through a 1031 Exchange must be held for rental, investment (capital appreciation), or used in a business. 

The tenant refused to communicate about his plans to vacate and finally left the key under the mat on June 2 but made no communication, so we had to make 4 trips looking for the key.

Once I get a few deals under my belt and money is more abundant, I'll also purchase Seth's training.

We're crunching numbers and planning to make purchases this year in the self-storage space.

I started with a house hack then purchased my own rentals/BRRRRs and now I own a successful 7-figure rental portfolio.

Going for second trip in January for some more research.