Some might choose to sell and pay the taxes, especially if the market conditions are favorable, but it would likely be a tougher decision without the 1031 option.As for the broader impact, it could hurt the economy by slowing down real estate transactions and reducing the fluidity of investments.

Gauging rental market rate is tougher because you can only see what's active on the market, which means they are not renting.

Nothing tougher than trying to learn the basics and avoid mistakes that cost money and time.

What I have been guiding my new clients toward is to find deals that cashflow (not too difficult if self managing, tougher but not impossible with management). 

Often they seem to sell in tougher neighborhoods because the initial numbers look the best there on paper.Generally I would look above Hwy 380 and maybe Sherman/Denison specifically, but there are other places too, depending on what your goals are. 

Affordability is tougher since it's based on any other income your tenant has.

Renters are much tougher in Cleveland, particularly in $100,000 houses.

HI Dara,If you own more than 50% of the LLC and can prove that you own it via operating agreement IE you’re the manager or member for 51%+ you can use conventional financing to close on this refinance out of your LLC (you will need to quit claim deed it back to your personal name and update the preliminary title report prior to closing conventional).Fannie doesn’t care about seasoning and timing however if you opt to use Freddie Mac there is a 51%+ ownership of the LLC required and or 12 months payments or occupancy required so freddie is way tougher for their continuity of obligation (COO) requirements.

It is tougher with rent control especially in recent years were rents were going up near 10% yearly.  

These loans that include future rehab will come in different flavors from current 7's to 12%'s in rates with different speeds to close, ease of access to the funds, different pricing and requirements to qualify.Typically the more Full Doc or tougher the qualifications are (like debt to income or DTI req's) the lower your rate/pricing so its a trade off.