Like-kind property is property of the same nature, character or class.

Let’s also assume I have adequate cash reserves beyond this as well as a good income (vague, I know, but let’s just assume I don’t walk around with a sign stating “OCCUPY!

I'm planning on watching it as soon as I finish watching the new train wreck on HGTV called "Natural Born Sellers" with the fake blondes and crazy bloated mom who acts like a total idiot.

Make sure you have adequate insurance in either situation.

And of course, there are the high bids that are predatory in nature, overdoing things or just overcharging for whatever they propose to do.

Knock off all the expenses you will have while holding the property: Taxes, maintenance, vacancy, management/overhead, & insurance: 40% is adequate.

Just the nature of a multi unit is a higher priced investment, so you immediately narrow your buyers because it takes more money for someone to buy it from you when you're ready to sell.

Ironically, you need a very strong partner for the Bank to have enough confidence to not make any natural person sign..

If you raise the rents enough though tenants will naturally move out when the place gets tired and your rents are high.In a strong market like we have you can do major improvements and change the type of renter you have.

It's also human nature.