To complete an effective 1031 exchange takes proper planning.I have many clients that owned residential, hotels, businesses,etc. and are now up in years and want to be more passive in nature.

I for one wont respond anymore to anything that name posts.. since the posts are all negative in nature and in my mind mean spirited..  

We'd also be hooking up natural gas which means some extra plumbing. 

I also wouldn't have been able to do anything to prepare those houses for a beating.... but on the flip side if some of my rentals were a few states away then I wouldn't risk a single natural disaster taking all of them out at once.

The lack of sex appeal and the relative undiscovered/unloved nature of MHP's were major draw for me.  

Since I was 14 I have sold it all from furniture and auto parts to cars and boats naturally my next step is real estate.

But that's as much fear of the boom and bust nature of FL as anything.But @Alysa Phalen does not need to purchase another apartment building in CO to satisfy 1031.

I'm conservative by nature and like low debt and low risk, but also realize this can limit you from scaling up.

Right now I have on the following on my radar:$3k (immediate): W/D and hookups$15k (~2 years): 2x heating conversion to natural gas and baseboard heating for 3rd floor$15k (~5 years): House sidingI've budgeted $500/month for capex and am putting it into a savings account.Down the line, once i'm under 80% LTV (5 years w/o appreciation), I'm not certain if I should consider using a HELOC for capex or try to rely on a savings account. 

@Alen Babayan....it really depends on what the nature of what your relationship is with your partner and what you agree to.