Once they exercise seller financing, the property is sold and all 1031 rules apply. 1031 has specific timelines.

It is also great to change small but specific terms and conditions due to it not being just one tenant anymore.

I also work with a team that helps cash buyers execute the BRRRR strategy or build rental portfolios, making it as seamless as possible for out-of-state investors.Best of luck, and let me know if you have any specific questions!

Find the REIA group for your areaAs Henry noted, post something specific for your area and tag your market.Get on Loopnet for your area and property type, reach out to the brokers that are listing deals and offer to take to coffee (they are often invested in deals too but you could ask for connections to other operators that might be getting started).And, again as Henry noted, each person you meet, ask them what other networking events they have attended that you can put on your list.

That said, there are specific contractors who like working with investors since they can avoid the hassle of working on occupied homes.

My biggest advice for people would be as follows.Know why your in the real estate game, and why a specific niche.

It’s also worth verifying if Beaumont and Port Arthur have any specific contractor registration or insurance requirements, as local compliance can sometimes impact project timelines. 

Using different rental criteria for people with children than without, COULD be seen as a violation of that law.

Your specific variable expense assumptions are wrong, BUT you stumbled into them being correct overall.Also, you are approaching this correctly - entering in the numbers to generate a purchase price that meets your metrics:)

you'll probably get a good response, because it's a narrow, specific question.