I do not know the numbers of the house, but I do not like the circumstances.  

Unfortunately that left me unable to purchase properties the following year.  

I’ve got one property listed for sale now, so unfortunately that’s where a lot of my equity is until it’s sold.

She declined to comment about the circumstances of Khafagi’s departure and didn’t respond to questions about it.

Their promises appeared too good to be true, and unfortunately, that's exactly what they were.

For me personally, we have tired to keep rent increases to a minimum to reduce turnover and that led to having lower NOI unfortunately due to two things:1.

Hey Dave, So I just called my title company, and unfortunately we wouldn't be able to have two LLCs that own the property with rights of survivorship.

Unfortunately, the smartest people in the room have braced for it. 

Sorry to hear this.I would always say that "There is nothing wrong with any property as long as the price is right".Granted, some are not salvageable and the deal doesn't make sense even if the seller paid to me to take it lolOver the past 10 years I have witnessed many investors trying to do the same thing as you.Purchase from afar without buying turnkey and trying to do it themselves.This has been popular especially the last few years.Not many succeed unfortunately or they don't succeed in my eyes as they are into deals for much more than what they should be.There is a big trend going on where folks are made to "feel involved" with the purchase, rehab and property management process.The properties look great and off-course they do as rehabs cost $40,000 - $50,000.It doesn't sound like a lot of money for folks from CA and NY but for our local standards it is and IMO kills the cashflow and is unnecessary overcapitalization.Each to their own I guess.Just had a call the other week with a fellow from CA that bought a few turd properties from a local scam artist and is flying to town to try and rehab them himself.Another fella I managed to save even tho he lost his deposit of $1,000 as the seller (Another known scam artist) made him commit to the deal without allowing an inspection or even a walkthrough...If that isn't a red flag then I don't know what is 🤷‍♂️Hat's off to you for flying into to town to see the property for yourself.Wishing you much success

I created the following decision tree to simplify the process.Ultimately, the decision to use a 1031 exchange or refinance and take out equity depends on your individual circumstances and investment goals.