Does a 1031 exchange require new debit or can the up leg be purchased with exchange money and supplemented with cash?

My first goal was to get my real estate license to not only supplement my main source of income, but to also become as knowledgeable about investment properties as possible for what I hope to be future endeavors.

For a family it can be upwards of 2k a month for good coverage.

There should be some supplemental knowledge there available for you.

The tenant should be asked to carry liability coverage and personal property coverage. 

I am covered on flips... but what about all the company, employee and team liability coverage.   

Banks also tell me I'd be a bad investment if I were to get a non-legal job in Florida to supplement my income while growing my new firm, since I'd be working far beneath my education level. 

What is considered a good debt coverage ratio?

And if you're still working a while you can supplement with savings from real world work. 

Additionally, ask your hazard insurance carrrier how the transfer would affect your existing hazard insurance and business liability coverage.