However) Explain to them you are planning on renovating to meet market demands and you will need to raise the rent substantially.

@Vince Scipione  This is very solid advice to keep it separate and I agree with you, the only reason I was even thinking of it was to help me raise the initial funds for my first investment.

Hey BiggerPockets Family,My name is Gabriel Peryam, and I’m a born-and-raised Athens, GA native.

How Real Estate Investors Can Leverage Private Lenders for Profitable PartnershipsJoint ventures (JVs) are a powerful tool in real estate investing, yet many investors shy away from them due to misunderstandings or a lack of awareness about how they work.

This is very helpful.I agree and am aware that there is increased risk to an auction property. 

- we are aware of the statutory requirements, just deciding whether the tax benefits would be worth it to us for the long term for a specific property - 

I have done a 1031 exchange before so I am aware of the rules.

They moved in and within 24 hours sent the following letter (names have been changed): "Hi Dawn and Brian,Sindy and I are frustrated, disappointed, and really struggling with the idea of moving forward with the move into your home.We realize this is the first time you have rented a property to someone, and may not be aware of the responsibilities that landlords have, and want to inform you that there are habitability issues with the home that are quite literally against the law, pursuant to Colorado’s Warranty of Habitability Law, CRS §§ 38-12-501 et seq.

The fund raised $200 million in short order with few sources of deal flow 5.

@Joel Betances sounds like you bought a Class C or D property - are you aware of this?