@Matthew ShanksInvesting in real-estate can be tricky, but there's help for starters.

For starters, a purchase at the original contract purchase price could have resulted in a big fat loss.

I've sent a PM to you along with some starter information on how the 1031 will work.

But I'll stay in my box.Notes: * - My investing: generational (long-term 20+yr) rental holds, "starter home", 1978+, SI (Stability Index) > 90, CI (Confidence Index) > 90

I would strongly recommend looking into North Jersey suburbs as there are a lot of great starter homes for $500-$600k, that are nicely kept and renovated.

I'm interested in knowing what the 1) Townhome (TH) rental market AND 2) room rentals are like in Hyattsville, MD (20781) and College Park (20782), specifically: For TH and Individual rooms rentals:- The demographics of those who rent (e.g. students, starter families, commuters, etc.) and behaviors/preference.- Going rate for TH and individual rooms- Demand and saturation levels (how long does it take to rent), length of stay, etc.- Other market trends about the areas TH and individual room rentability - Frequency of renting versus selling in the areaI look forward to the insights you all share!

I think I would only be interested in a Condo unit more than a single family home for starters just because of the idea of all one package.I have a couple in mind.

For years the most common treatments were to have the LLC do the exchange (a non-starter for you unless you were able to buy out their interests in the LLC apart from the sale of the real estate). 

If you are just starting out and learning the business , Avail is a great starter platform for single family homes. 

Reach out anytime but here are some starter tips:1.