This gets you in the game with minimal upfront costs.Covering the Smaller Costs (Inspections, Appraisals, Earnest Money, etc.)Even when using other people’s money, you’ll need some cash for earnest money deposits, inspections, and carrying costs.

Determine cost to renovate. 

You can consult with your Realtor to create this contract and make sure that it conforms to the laws of your city/state.

It frees up your time.  

Feel free to reach out if you need a brain to pick.

I havent gotten an insurance for this and a week after close I consulted some insurance provider and he didnt offer me insurance options.

& how you become financially free is by letting whoever your renting to (I'm guessing that was a step also?)

You can also make your place more trouble-free by fixing things up front that are most likely to break (new light fixtures, light bulbs, door locks, etc.).

Just a heads up this will not be tax free, it will be a pro-rated exclusion.

If you paid $950k and only get $1M after selling costs, don’t bother with the 1031.