In my opinion, you have to establish your own investment objectives. 

It's essential to do your due diligence and perhaps consider investing in more established or upcoming neighborhoods.Property Taxes: New Mexico's property taxes are relatively low in comparison to other states.

Eliminate debt, establish a budget, and save.

If, a year from now, you have an extra $20k piled up because you have been serious about this, it established a bit of a track record and proves that you are a doer and not just a dreamer.I would also express gratitude that you have a partner that is so cautious.

Cashflow is guaranteed, Appreciation is gambling, blah blah blah.

Johnny and the team he has hired have done a greatjob establishing a culture of teaming up with their investors.

Small talk, showing empathy, and expressing genuine interest in their situation can go a long way in establishing trust and goodwill.Be Willing to Walk AwayOne of the most powerful negotiating tools is the ability to walk away.

Also, to track spending habits - just had a prospect withdraw their application when we asked why they were spending half their income on gambling websites.

The expectation established fell far short given all the mistakes and poor advice.

Of course when doing the 1031 exchange your basis will carry forward into your replacement property.Where you have a potential issue is establishing your intent to hold those properties but immediately selling one or more them as soon as you have them ready.