In Miami setbacks serve as stones towards achievement.Cash, the essential component of transactions flowed generously with 54.9% of purchases being made in cash.

My 1031 proceeds are half equity and half debt and I can not fund the debt component with any additional personal funds.  

Discuss this possibility with your agent.Explore iBuyer options for a fast sale that aligns with your move-out date, but keep in mind you might get a slightly lower price than on the traditional market.

Additionally, consider the long-term prospects and market demand in your area to ensure the investment aligns with your financial goals and risk tolerance.

Those aren't always aligned. 

Hi there @Joseff Stevenson - Love that you are jumping into the Chicago BP forums...you will find several amazing people to use as resources.You are already starting in the right direction with a career in real estate...alignment is super key and having a job that also aligns with your passion exponentially.My best advice is to save, educate, network, and add value to people you find crushing it!

For newly constructed, purchased or renovated properties and also retroactive generally over the last 10 years, building components are properly classified into individual units of property and accurate recovery periods for computing depreciation deductions.

@Megan Branson Buying sight unseen has a much higher risk component, especially if it is your first in the area (or with the current team members).

It happens.So obviously you want him out, but this is a mental health and  self defense issue with a tenant component.

Respect their time and be prepared to offer something in return for their guidance and mentorship.Business Plan and Investment Strategy: As an out-of-state investor, it's crucial to thoroughly research a company's track record in the Memphis market and seek feedback from previous investors to ensure they deliver on their promises and align with your needs.Starting an LLC before your first purchase depends on your circumstances and risk tolerance.