Quote from @Bonnie Griffin Kaake: @Kamil Kaczmarczyk You received some great information above from @Benjamin Matthews above.

Bonnie, for the lil bear tent we started this tent with it being run off solar, propane, and a 275 gallon tote I had to refill with a garden hose using my tractor to bring it up.

He was SO Glengarry Glen Ross.

Hi Bonnie,I'd be glad to take a look at the specifics of the property if you want to PM me.

I agree with @Bonnie Griffin Kaake that you might be underestimating the rehab costs.

Originally posted by @Bonnie Griffin Kaake:When doing a 1031 exchange, make sure you have scrubbed your old depreciation schedule for items that can be expensed or transferred at a reduced basis into the new property.

Quote from @Bonnie Low: I hate to see anybody get into a property they can't afford.

Quote from @Bonnie Low: I'd take a look at the GSA website to get any idea what kind of government per diems there are by industry because that will give you insight into the different types of industries employing temporary workers.

I could probably name 100s of people I know personally or have met in one way or another that became super wealthy investing in real estate....if you don't know any, you can find plenty of books or writings about them....in Dallas...Craig Hall, Trammell Crow, Jerry Jones, Lamar Hunt, Lucy Billingslea, Ross Perot Sr/Jr, Robert Rowling, Tim Headington, John Golf, Jim Lake, Mehrdad Moayedi, Duke Rudman, Robert Dedman, Conrad Hilton, Ray Nasher, Roger Stalbach, Jack Matthews, and the list goes on....many of these are billionaires, and probably the others are 8# or 9# millionaires....and there are plenty 100s of other "smaller" multi-millionaires that started or invested in small real estate ventures in Dallas area. 

Quote from @Bonnie Low: Keep trying small local banks and credit unions.