I’ve seen many investor clients use 1031 exchanges effectively.. just be sure to get specialized tax advice.

In my experience investors love talking about investing.

If you do want to move forward with this property, one recommendation I would get is to find a local contractor with experience that you trust and have him advice you on the scope of work that may need to be done as well as the cost it would take.

2024 will go down as, "The Year of Taking Action".
Getting back in the game came with some challenges. Mostly, the challenges were related to having the wrong mindset about taking action.
Measuring the input is the...

Would it be a good idea to get a real estate license and work in real estate or are there other options to get in Missouri to get real estate experience without a license? 

Because the chances of successfully concluding a wholesale transaction when you lack experience, knowledge and capital are so infinitesimally small that you’d be better off playing the lottery.  

@Shawn McCormick is local to the area and can share some of his experiences. 

@Robert Spiegel Great question, and it’s always a balancing act when dealing with long-term tenants who’ve been fantastic overall.Based on my experience managing over 1,200 rental homes in North Texas, including areas like Dallas, Fort Worth, Plano, and Frisco, here’s how I would approach this:Cleaning Charge: While $540 may feel steep, it can vary depending on the size of the property and local market rates.

Do you have any RE experience?

From personal experience, I would recommend Tulsa or Oklahoma City.