His reputation in the real estate world is garbage and he loves to say he does not trade time for money yet to find, purchase and renovate over 700 properties, deal with Section 8 tenets, time spent dealing with lawsuits etc he is doing exactly that. 

We always recommend talking to your CPA to weigh the pros and cons and know what the tax consequences could be if you sold and did not exchange :)  

I don't eat out a lot or go on fancy vacations (I do travel), I don't buy a new car every 4-5 years (I do keep it up, but my first car was ~20 years old when I traded it in this spring). 

Always curious how others weigh that trade-off.

You want an accountant who can help you strategize and who is responsive when you want to know the consequences of the financial decisions you are making throughout the year.Good luck.

. —- Again I’m not saying you have to do these things; it all depends what type of investor you are and what you are looking for however it is important to understand that if you shift the responsibility of either identifying the invest property or managing or any other aspect there WILL be a trade off — in this case the turnkey company has delivered on your goal of 8-9% ROI (projected... so TBC) and in return you have traded some of the other benefits of investing in RE for the convenience of not having to do much more than to look over the properties they have sent you and funding it from the comfort of your home, office, etc. ... again if this is the goal then you are on point but if the goal is to also partake in ALL of the other benefits of RE then you should understand that and not be surprised that it’s not a ‘stellar’ investment that checks all the boxes.

Hi, I'm a long time Bigger Pockets fan and a financial advisor/CFP and former tax lawyer by trade.

Often the owners are active in selling and trading with other arcades and you can slide right in and purchase one they’ve been trying to sell or trade.What games are you looking for?

I personally HATE maintenance, so i find jazzy ways to "trade" that with tenant.

so that's the trade off.hope that helps - just giving you some things to think about.