My current income is sufficient enough to cover my living expenses, live comfortably, and put a portion toward savings each month.

Dear [Tenant's Name],RE: External Window Air Conditioning Installation and Removal GuidelinesAs we approach the warmer months, we understand the need for comfort within your living space.

If it is vacant, you feel confident and comfortable with the other contractor after doing your DD AND they have a lower quote, why not give them a go?

As long as your comfortable with your numbers and the sustainability of your cash flow there's nothing wrong with higher equity to get that cash flow.Or the other way with 2 smaller properties like @Peter Mckernan said.That's the beauty of the 1031. 

I was wondering if you're comfortable sharing some insights with me.If so, could you let me know what trends you've noticed in terms of vacancy rates for your unit(s)?

The only reason you may need another subscription is if your partner wants access to the subscription and you don't feel comfortable with them seeing the other deal info. 

In essence, less than 20% (of the commonly-held-average) ARV is a slim margin, and you should justify it according to your experience and comfort.

Get out of your comfort zone.

But in reality, those who are experienced in this business have a formula for picking addresses that they believe they can make money on and run at a comfort level they are comfortable with.I think that the hopeful mentee is seeking is what address should I buy to be as safe as possible and make the most money as possible.

So if something ever happens and the loan goes delinquent the only recourse is the subject property, but if the delinquent property is in an LLC with let's say 4 other properties then those assets are exposed to the LLC debt holder - if that makes sense.But they will ask to see personal liquidity all the time so they can feel comfortable with the payments being able to be made for 9 months.