That is another reason you need to join their association and put CCIM, MBA after your name.

Also, I'm at a disadvantage not knowing the area, the costs associated with utilities and maintenance, upgrades, etc, and the good and bad areas of town.

You can also go to the FL Association of Realtors website and I'm sure they have licensing requirements, fees, and a list of accredited real estate schools.

So now your exchange acct has $ 1 mil and you can complete the exchange completely tax deferred.But also, you now own a note outside your exchange that is worth $100K and you "purchased " it for $100K so there is no profit associated with it. 

Friends family and associates that know and trust you may be very happy to lend at 6% when they are earning 3% in a bank CD. 

However, you'll only be pushing off the taxes on the appreciation, so even if you were actually saving the money, it would take a long time and a large amount of appreciation to outweigh the costs associated with selling and buying. 

Current property value is about $350K and rent is $1350 with an association fee of $270 per month. 

I’m in the process of scheduling my state exam with PSI.For me, there aren’t any challenges associated with being a Realtor and looking for investment opportunities.

For others, an extra 1,000 per month is not worth the headaches associated with being a landlord.Answering your second question will take us slightly off of the OP's original topic, but here goes: I certainly look at my cash on cash return.

I negotiated and we bumped up association fees but it's not enough, growing to slow to cover the repair.