I was about to use them for a 1031 exchange, but after reading this I am feeling a little nervous.

Pop into the forum just on flipping and you will get a ton of value just from reading.

2019 Goals: My last year in College- $10K in savings (Not Accomplished)- All A's (Not Accomplished)- Church every Sunday (Not Accomplished)- Read Bible every morning (Not Accomplished)- Read 20 minutes every day (Accomplished)- Go to Chilis 11 times only (Accomplished.

@Shakthi Kamal read copy and paste advice below.For cashflow, you'll be looking at mostly Class C properties/tenants.Be SURE you UNDERSTAND what this means or your expectations won't match reality!

To be honest, I´m in the Maintenance & Construction for corporate businesses for some US companies in Mexico and we do some Real Estate down here also, but it´s way much different than the US, so I have much to learn from a lot of people around here and as @Julio Gonzalez, I think this is pretty much the right pad and place to start and to break my fears to start all over again from scratchAlso, I´ld like to hear more from @Justin Brickman why he voted for his city, pros and cons, it will help to read from a local...As I said before, thank you all guys for taking the time to write in this post and share some experienceDo you plan to owner occupy. $40k will not get you a non owner occupied San Diego property unless you find some unlikely alternate financing.

I read an article somewhere that Airbnb was going to negotiate with large Apartment complexes to allow the tenants to do short term rentals.

Quote from @Nicholas Haubner: @Andrew SyriosThank you for your reply, I greatly appreciate you taking the time to read through and give me your advice.

One tip is too is reaching out to some people in your market place that are doing flips and see if they can send you their spreadsheet they are using.

@Alex Hymanson  you should read the book...Storing Up Profits. 

I recommend you read some books on how to manage investments well.