When using a 1031 exchange, the replacement property must be used for investment or business purposes, so even if it doesn’t generate income immediately, it’s important to show that you intend to rent it out.

Working with our Rockstar agent, Bill Beck, we identified an excellent lakeside investment property near Silver Dollar City and other key Branson attractions that should (eventually) generate a 50% COC return (we have a lot of learning to do - so I'm not banking on that high of a return in the first few years).

A couple of other sources that could generate flips are expired, withdrawn and canceled listings. 

Into yourself, learn a skill and use that to increase your income & generate more cash to really invest.

Hey @Raymond Pritchett - Awesome to hear that you are jumping into the Chicago wholesale game....why did you start with wholesaling and what are you using to generate leads?

What's your take on buying in a good neighborhood out of state within our budget and ensuring that we break even or generate minimal cash flow?

We use a lease generated on Avail.co for California and add in specific clauses for the rooms

The homes we build will continue to stand long after we're gone, providing homes for generations of families.Focus on giving more in value, and the rewards will naturally follow.

I finally have my first deal done and generating income.

Since you have access to a mentor and financing, flipping could be a good option to generate capital quickly, which you could then reinvest in rental properties.Foreclosures: Flipping a foreclosure can be profitable, but it can also come with hidden challenges like repairs that are more expensive than anticipated.