I have a two questions with regards to a 1031 exchangeThe first one is if I were to sell a property for 500,000 its paid off can I buy 3 new properties that cost 200 thousand each or does it need to be one property greater than 500,000?   

It's just the cost of doing business.  

My current solution of using Baselane is by far the most cost effective and easiest, but it still requires that I spend time bookkeeping.

If you can rent it for $2,000/month, after fees, taxes, and potential maintenance costs, you’d still make a decent passive income.

What is the cost?

I own several hundred rental units in other states, otherwise I'd join you in helping cover the costs.

No management costs as it would be self managed, and estimated property taxes by the average of the past few years.

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

Leasing is a specialized skill—PMs deal with this daily, making them far better equipped to handle applications, verify income, conduct background checks, and evaluate a tenant’s overall suitability.Protecting Your Investment:The cost of a bad tenant can be far greater than the cost of hiring a professional.

I imagine the whole process is simpler but can anyone tell me how different it is when you don't borrow the rehab costs?