It also includes managing your existing investment well to ensure you aren't bleeding money due to bad tenants, excess maintenance, etc. 

Well 50% is a bit much, IF you renovated properly.

This active income can help me fund my retirement as well as help me get reimbursement for home office and health care premium while lower my tax liability.

I’ve invested with both wellings and sunrise   Wellings invests in other peoples funds   They do the due diligence on various operators and invest in only the best ones. 

Their plan is to raise rents (on the poor remaining souls, improve infrastructure and exert some sweat equity. 

Maintenance and UpkeepRegular Inspections: Schedule periodic property inspections to address maintenance issues.Emergency Repairs: Have a plan in place for unexpected maintenance needs.Furnishing the Property: Budget for necessary furnishings and appliances.7.

This can be good because your realtor will be using them as a resource to help you plan your 1031.

An additional benefit of a detailed engineering-based Cost Segregation Study is that it can increase potential insurance premium savings as well as provide support for the property tax appeals process.

You understand some of the basic concepts, but also have some giant holes in your plan.

Narrow focus - I know the zip codes I wanted to purchase well.