What is right for one investor, in one set of conditions, could completely wrong for another investor.THE “OBVIOUS” PLAYSThere are times in football that the right play is super obvious… but even the obvious plays are not as straightforward as they may seem.For example; it’s 4th & 15, you have the ball 70 yards from the end zone in the first quarter.

I have read several books in preparation for this journey, but I am finally on the hunt and ready to get the ball rolling. 

That is just how the ball bounces up there. 

So my question is with my money being tied up in this first flip, how can I set up the next deal finacially to keep the ball rolling?

One of the bathtubs had a bowling ball sized hole in the bottom (?

Like all other investors, we wish we had the crystal ball

But more importantly the bright line test appears to be the "intent' of the tax payer.If your intent was primarily to resell (most interpret that as a forced appreciation/value add/low ball purchase scenario where the desired equity is present at the time of purchase) then you are treating the property as inventory and 1031 is not appropriate.If your intent was to hold to use or to generate income from, or to take advantage of longer term appreciation then you are treating it as an investment and 1031 is appropriate. 

I would have liked to have the recent one with the pit bull try legal action as 1) they violated their lease 2) it was a pit bull 3) the other tenant has children that play daily in the common area things like soccer, kick ball etc.  4) The dog was not well behaved.   

I am wondering if I need to lower my asking price even more, but I don't believe he is super motivated and will accept a low ball offer.All the homes were built around 1950 and range from 850-1100 Sqft.

She does wince on low ball offers, and even today said, "they won't take that", but at the end of the day she drafted the offer I asked for.