My wife has never had a specific place in mind, so got to do my choice. 

Once they exercise seller financing, the property is sold and all 1031 rules apply. 1031 has specific timelines.

I’m willing to put in the time and effort to learn and grow in this industry, but I could really use some guidance on where to start.

While technically negotiable, the Sitzer/Burnett case revealed that the industry practice effectively standardized these rates.

I also work with a team that helps cash buyers execute the BRRRR strategy or build rental portfolios, making it as seamless as possible for out-of-state investors.Best of luck, and let me know if you have any specific questions!

It’s also worth verifying if Beaumont and Port Arthur have any specific contractor registration or insurance requirements, as local compliance can sometimes impact project timelines. 

That said, there are specific contractors who like working with investors since they can avoid the hassle of working on occupied homes.

I focus on finding deals that meet specific criteria, and I always keep my underwriting conservative to make sure the numbers work even on a worst case scenario.Right now, my big goal is to land my first property, ideally 20+ units in Florida, and build a strong portfolio from there.

Your specific variable expense assumptions are wrong, BUT you stumbled into them being correct overall.Also, you are approaching this correctly - entering in the numbers to generate a purchase price that meets your metrics:)

Hi Benjamin, I'll shoot you a message and we can connect to talk specifics.