A lot of quality work was put into this renovation with a conscious effort to maintain and restore the original brick charm.

This is my first investment property and I am planning to use it as a rental after restoring.

Real estate.......working out.......cars (restoring and flipping)

Once the construction project is complete, we would restore the property to its 1930s charm and use it as a bed and breakfast since there isn't anything like that in our town either.I know the 1031 wouldn't get us to a full down-payment on the larger home - we'd have to find additional capital - but it would put a dent in it.How early is *too* early to 1031 exchange into a larger property? 

You’ll learn how to avoid massaging your numbers to force a bad deal through, how to guard against getting ripped off by contractors, how to hire the RIGHT team members to help you succeed, and how to fire the wrong ones!

This was a total gut and complete restoration.

I enjoy seeing old homes restored to their former glory.

I restored vintage cars and enjoyed every minute of it. 

But before the seller could make a decision I decided to accept their previous counter for 80k, but once in escrow I had a friend of mine that's in the restoration industry do a moisture inspection and write an estimate for $10,000 to remediate.

I can massage the data in several different ways and view the properties on zillow/realtor/redfin to see what condition they are in.