I assume (and hope) you have conducted w/ an att. and who knows entities and taxation as this is a classical case for it. 

.: On a tour, general condition of classic and any upgraded units, get a ball park of amenities, condition of the grounds, buildings, what cars are parked in the lot, what the dumpster situation looks like, i.e. is it overflowing or stays clean, is there furniture sitting around.  

It's your classic case of supply and demand.

-He's going to be renting out a room to a friend for $1,000-$1,200/month-Will be living in Washington DC for $1,350-$1,500/month while building equityThis is the classic example of using primary residence financing with low money down, house hacking, and then having a cash flowing rental in the future.  

@Vern Gassen The classic answer in real estate (and in particular, in financing) is that it depends.

Don't just look at the capital gains.Finally, I want to bring a classic microeconomic insight -- what matters is not just the taxes you might pay or avoid, but what else you could do if you didn't do a 1031 exchange. 

Classic buzz word politicin’.

Purchase price: $76KRehab estimate $35KARV - $159K(across the street, very solid comp!)How did I find it? Consistently checking Facebook investor group for wholesale deals.Put offers on 20 houses before getting this o...

This was the classic, stinky, gross house that took a lot of time to get right but ended being a very nice house that was brought back up to the quality of the neighborhood.

This was the classic, stinky, gross house that took a lot of time to get right but ended being a very nice house that was brought back up to the quality of the neighborhood.