It’s easy to get caught in analysis paralysis when thinking of deals and opportunities and I cannot overstate how much having this book help me with my personal roadmap has aided in my journey.

My other project years back was searching for active businesses to buy, at one time laundromats, many located downstairs in mixed use properties. 

You can use the 1031 to sell a larger unit that provides better cash flow while minimizing active management.You can either try to cluster those sales together so they close in a way that lets your replacement property be listed on each 45 day period and you close on it within 180 days of the first sale (the first exchange that will expire).Or you could do something like a reverse exchange where your Qi purchases the new property and holds it for you for up to 180 days while you sell all of your properties. 

Congrats on getting started on your real estate journey! 

Best of luck on the journey!

Someone has to manage the rental, and it's very active.

Quote from @Robert Quiroz: Hello All,I will have around $1M in capital that I'm looking to generate 8-10% CoC returns for the purpose of replacing active income. 

I’ve heard about home equity loans and HELOCs, but I want to keep my money in the stock market to maintain some diversification.My question is: would it be wise to take out a home equity loan for the full $200k to keep my stock investments active?

Encourage him to set long-term goals, connect with mentors, and use educational resources while keeping the learning process fun and balanced with other activities to prevent burnout.

I am hesitant because the first property is located where all the Olympics and World Cup activity will be in the coming years and the interest rate is so fantastic.