AND they BOTH travel and together b/c they are buddies, so it just makes no sense.   

Thanks for the advice Craig, this makes a lot of sense.

Hopefully they have that sense and the blame isn’t being deflected on other parties.

There are a few DSCR lenders that will allow you to operate a rent by the room strategy as long as the strategy makes sense, and no one related to you is one of the tenants.

I have seen instances where a 1031 exchange was not required such as1) The overall gain from the sale of the investment property was very small or even negative2) The taxpayer had enough passive loss carryforwards to offset the gain.A 1031 exchange is a very powerful tool put it has to make sense before going forward.

Now let's say you put your own sweat equity into a home that needed some work (so not a new home), I would say a cash-out refinance may make more sense two years after purchase where you possibly could take out cash. 

While there are plenty of lenders willing to work with new investors, remember that the deal must make sense.

Typically, crime is going to be present in a lot of the areas where #'s make sense, but the key is making sure the house you are buying does not have obvious crime ridden houses in the immediate area.

And how can one logistically do such, it makes no sense.

I was in between jobs for the moment but now moving to Omaha which will allow me to get connected to other investors once I’m there.Makes sense and good luck with everything!