I am pretty sure you can not do a 1031 and use the proceeds to do anything to a primary residence.

Good to hear that inventory is still moving.

Welcome to the wonderful world of real estate!

Hi, I’m a full-time Real Estate Investor and mainly invest in Frederick and Washington counties.

I invest there and have a full team on-the-ground.

Confirms my thought process as a Renovation Project Manager- turning Investor.

For the contractors, there are always going to be ones that have you already saying yes to stuff and will just continue to send crazy change orders, and when they do that is when you stop the project and go elsewhere. 

I wouldnt give any consideration to what the seller needs in order to break even in determining the purchase price.

So, Jason, what did you decide to do, and what was the result.

@Yaroslav Shtogun assuming this is something you can tackle yourself and with your network doing the full deal would be an awesome project for you!