Thanks Zach, I actually like your concept a lot, I have two young boys, a new daughter born November, my wife and I are realtors and I really wanna focus my time scaling our RE business for the next few years so a hands off approach for building my portfolio is very intriguing.  

I, like many of my colleagues tend to opt for the more conservative approach when analyzing tax legislation/litigation.

They prefer a consistent return based on a 20-30 year triple net lease with income jumps every 5 years.Yes, for investors who want RE speculation with little to no current tax sheltered cash flow your model would be preferred.On the other hand , a safer passive investment approach emphasizing cash flow and cost segregation tax saving benefits that don t fluctuate, makes investors happy by getting a 100% ROI after 3 years.

Essentially, should we take this step-by-step approach rather than jumping straight into being landlords?

Take your Home Flipping due diligence approach and apply it to this model. 

This "economies of scale" approach could work for you, too.I would also consider the NW Valley, near where TSMC is building its multi-billion-dollar chip plant.

And an attorney with limited 1031 experience is only going to be reading the text book one step ahead of you.I would recommend a goldilocks approach. 

Good luck in April, it's quickly approaching and would love to hear how you do!

This could greatly change project approach for your PM.

This process is characterized by its more stringent requirements.Conversely, the second procedure, as established by G.S. 105-375, involves an in rem approach.