General BackgroundNewbie investorNo credit available (poor credit and repo due to major health issue).Multiple tax years of returns due (nominal to no income)Unplanned ownership from inheritance and Florida Condo Collapse.Need to do a 1031 exchange and avoid capital gains while trying to invest in my own residential property.ScenarioI have a paid off condominium property located in Florida.

Henderson features a mix of affordable and luxury options, steady growth, and proximity to major employment centers.

yes 700k loan 20% down = 140k to do the deal with those guys.. dont send them 50k deposit though for gosh sakes.. only money they should charge up front will be apprasial and maybe a few hundred for an app fee if that,  Keep mind as well with hml or pml or ANY loan you dont have 100k equity the majority of that will be eaten up in points  Junk fees and interest depending on how long you hold it..

The majority who come into the game lose.

Earn money3. raise moneyreality is majority earn money that they save then its not many people who actually raise money.

Based on national averages, the home should rent for $1,500 or more.If you don't keep up with market rates you will attract lower-quality renters, you won't have money to make major repairs, and you'll eventually get behind on maintaining the property, which means it will appreciate slower, attract worse renters, rent for lower rates, etc.

The only things that have been updated since living here has been the roof (but still leaks), the boiler (a reactive replacement after the kitchen flooded), as well as the floor kitchen cabinets (also after a major leak of which we mentioned multiple times) - which still kind of leaks.

- Purchased a 1960's vintage building, 18 units, in 2017 for $1.5M- In a major urban city in the northeast- Put $400K down and have paid down $100K in loan (so the balance is $1M)- Purchased it to supplement my 9 - 5 and use it as a resource of income to retire (15 20 years from now)- It's comprised of studios, 1 bedrooms and 2 bedrooms. 

The one we found manages about 8k units from northern Ca to Southern Wa with the majority in the PDX metro.

Is there anything major I'm missing?