I’m assuming that you save quite a bit of money.”

Some properties actually lose money each month but gain value through appreciation.

Did you close this with a hard money loan?

What may seem like a benefit (NO MONEY DOWN) is actually a curse!!  

My walk through estimate was roughly 60k, Hard money was 12%.

If so, they can sell within 2 years and not pay capital gains taxes on the sell of the home.They could take that money and buy multiple rental homes in other areas if they wanted, or use the money to downsize in to a different home while still having money left over.

Once completed, the goal is to get them rented and then pull money out of each house to build a high performance spec.

private money lender How did you add value to the deal?

It's real estate in markets with population growth, it's pretty hard to lose money if you get an inspection and appraisal.

Quote from @Michael Overall: Good day, If an investor has 10 rentals and wanted to over time sell them and put the money tax free from a 1031 toward a large purchase is there a process to do that?