Choosing the wrong 1031 Exchange Qualified Intermediary to administer your 1031 Exchange could be a very expensive mistake due to the Qualified Intermediary's critical fiduciary responsibilities and obligations through out your 1031 Exchange transaction.You may focus all too often on issues such as size of the Qualified Intermediary, 1031 Exchange fees, interest rates paid, turn around times, branch office locations, and the like, when interviewing potential 1031 Exchange Qualified Intermediaries.

Any particular area you plan to focus on?

Those factors are more critical in a fix-and-flip scenario where you’re focused on resale to an end buyer.

You just have to focus on lenders who want security for their money.

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

For the experienced cohosts in the group, I’d love to get your thoughts on payment processing options for cohosting companies (LLCs) that position themselves as property management companies but operate without a broker’s license.As an investor and soon-to-be STR entrepreneur, my business will initially focus on managing a small portfolio of vacation rentals with plans to scale. 

CubiCasaPlatform: AndroidFeatures:Specializes in creating floor plans by scanning rooms with your device.Easy to use with a focus on quick and accurate floor plan creation.Bonus: Plans can be exported and edited on Windows using compatible software4.

If you’re young, focus on accumulation.

How complicated is the process of removing a lien, and should I focus on preventing it instead?

Much of my career was focused on REO properties, during which I ran a parallel small business that handled property inspections and performed BPOs for banks.