Nothing against people in their 30s but listening to them for advice on the current market is at best, dangerous.

Also, this sounds dangerous storing pool chemicals in an unsafe and likely illegal place for said chemicals.  

@Jeremy L Riddle it sounds like it's maybe time to part as friends cashing in on the growth and profits at hand and re-deploy/leverage individually. 50/50 deals are the most dangerous for the point when there is any impasse. 

How Can I Get Started"[1] Knowledge of what you want to do, and what you don't want to do.For instance I want to make money by housing people in clean decent housing (for a good profit), but I don't want to be the guy doing it in dangerous areas, or in rent controlled areas.

So essentially each identification line item is really a transaction and not a property, none of the documentation I have read out there about 1031s make this distinction clear.

Getting "rich" quick is entirely possible with real estate but is rare and dangerous to think as being a certainty. 

My understanding is you cannot be forced to lease to someone with an ESA or Service Animal if their animal is deemed a dangerous breed by your insurance.

I'm not an accountant, but I know enough to be dangerous and have been through about 25 1031 exchanges so far this year. 

It's not fair to your clients and it's dangerous for yourself.

I am compensated unbelievably well for my work, and what's even better, I'm compensated in both increased rent and equity, not a one-time paycheck.The bad news is, you can look forward to at least a five-year apprenticeship, you have to have reasonably good hand-eye coordination, the job is more dangerous than most, you get no respect, and you'll spend too much time alone trying to motivate yourself.