You'd think 60 years would have cleansed all that but it hasn't.You might target social service and local agencies since this property was in the past a half way house or similar and was only converted to market housing to make the sale to you.

HUD targets average rents for an area, so just like average school grades, this typically translates to Class C property rents.In our Metro Detroit market, the MAJORITY of the claims about getting higher than market rents can be traced to a Class D Neighborhood/Property. 

Target Price: $575K-$585K; ARV: $625K+.

Is there any way to basically “lock in” the target building, or is there always going to be a risk that you won’t be able to find the right building within the 1031 timeframe?

Start by getting pre-approved with a VA/FHA lender and targeting a multi-family property where rental income covers most of your mortgage.Good luck!

I’m sharing my story so everyone can be aware and hopefully avoid the same experience.I received a call from one of my ads that targets probate clients.

Acquisition Target: $730K-$780K; ARV: $900K; Repairs: $120K.

For instance, targeting multifamily properties (2–4 units) is a great way to grow your portfolio.

I personally target Lauderdale, Limestone, Morgan, and Madison Counties.

If you are specifically targeting travel nurses, it will benefit greatly if the home is near a hospital.