I’m ideally looking to buy that first property in San Diego.Thanks The best way to beat the price of the San Diego market is STR or by the room rentals in an excellent location.

A 1031 exchange allows you to defer not only the capital gains tax but also the depreciation recapture tax, which can be at a higher rate.If you have any further questions or need assistance with your 1031 exchange, feel free to reach out!

They seem to be a reputable company, but nothing beats personal testimonies!

Income should be at least 3 times as well, otherwise they'll most likely move out when you up the rent (I made this mistake once).

And will be limited to really beat up duplexes or 2bd/1ba per a side duplexes. 

It can be ate up quick so the more the merrier. 

However, she has requested a Rent Credit.I have no problem letting her clean since that will save us money and allow her to get in there faster.

Seller will be taking a 30k+ loss with this route.325k with 50K down to seller, 3 years of payments $1600/month, and a balloon payment of 215k at the end of 3 years.Benefits to me: (1) 10k less downpayment, (2) with the conventional route, the loan would be at 228k after 3 years of payments, so I will gain additional equity with the 2nd option since I will owe 215k (presumably I will have to refinance at that time).Benefit to seller: she gets over asking price, 50K upfront and $300/month of cash flow.Does this offer and structure sound reasonable?

I was hoping that since it's not a residential unit, that the process might be different and hopefully faster for just a utility space. 

These loans are faster but often come with higher interest rates.4.