Here's an interesting fact.Howie Hubler, guy responsible for arguably the largest trading loss in bank history, is now an enormous owner of section 8 properties across Gloucester County. 

PCR is nothing more than an idea of whats going on, the service company does them, and many times the contractors are idiots, if you have to turn everything on when purchasing one, to feel comfortable, the deal isnt good enough, it could range from a missing water filter, or several split pipes, to a bad fill valve or cracked toilet tank, if you really need to know, air test it, if you dont know how to do that, you probably shouldnt be looking at these properties. i havent hired an inspector in over 15 years, they are a waste of money for me, but I know construction and systems, the bast thing an investor can do is learn construction and the trades, at least enough to know what you are looking at and whats ok, and whats not, even is you dont do any work. sorry to be harsh, but knowing this stuff separates the men from the boys.

Even Midwestern markets properties are trading at a much lower clip than 12% ROI for properties.

If you are-Not pounding the phones calling sellers daily-Not reaching out to peers daily for insight and connection-Not educating yourself through webinars, books, and commentary regularly-Not attending conferences where you learn industry trades and secrets

That is one trade off that occurs with getting infinite CCR.

Local facebook buy/sell/trade groups are a great way to find potential replacements.

If you owned that house so that friends and family had a place to stay that is not productive use in business investment or trade and would not qualify for 1031. 

Try bitcoin

@Adam Sporinsky, You need to eliminate the word "flip" from your vocabulary entirely :)Your intent with a flip is primarily to resell.  1031 qualifying real estate is purchased with the intent to hold for productive use in trade business or for investment.  

The emergency wreck and remove is an obvious red flag...but even if the city says you can fix it up I don't think there's any way to get this done using licensed trades and pulling permits for $100k.