.$2,000,000 is going to improvements to the riverfront park adding playgrounds and splash pads.Since 2022 a feasibility study has been going on for a regional sports complex boasting 16 soccer/football fields, 8 baseball diamonds, 50 meter indoor pool, gym, track, and waterpark.There are several more project revamping old warehouse building turning them into trendy new dining and retail spaces.

Manage the Property: If renting, manage it effectively and maintain communication with the seller.Advice and Tips:- Educate Yourself: Understand legal and financial implications.- Build Trust: Establish rapport with the seller for ongoing communication.- Be Clear: Define all terms clearly in the agreement.Mistakes to Avoid:- Incomplete Due Diligence: Conduct thorough inspections and financial analysis.- Unclear Documentation: Ensure agreements are well-drafted to prevent misunderstandings.- Market Trends: Consider future market impacts on property value and income potential. 

I want to start this thread to get ideas, opinions and valuable tips on how to do it RIGHT.Lately I have been reading on this subject ,extensively , and trying to learn as much as I could.

What are the best tips that you can provide?

To use a 1031 to pool money you need to either, A) Find a syndicator willing to use a 'tenants in common' structure, or participate in whats known as a Delaware Statutory Trust (DST).

REITs offer a way to diversify your real estate investments without directly owning physical properties.Real Estate Crowdfunding:Invest in real estate crowdfunding platforms that pool funds from multiple investors to finance real estate projects.

Thanks so much for the tip! 

Section 8 rentals are a huge opportunity in the area, and medical students/employees at the nearby hospitals are a great pool of potential tenants as well.

from the buyer pool.

Pool Heat, Early check in/late check out, Pet Fees, etc etc are all ala cart and available for a fee.