Going into an area with little data is high risk but could be high reward. 

Can you imagine if our schools have a 95%Everyday I ask myself why the failure rate is so high.

I was talking to a RE friend.He said it's a bad time to buy* rates are high* homes are expensive in most marketsLooking to hear some counterpoints. 

I expect 30% turnover in a given year, but have seen it surge as high as 48%.

It's not an effective strategy but a lot of investors believe throwing in high end appliances in itself secures a buyer. 

Maybe the tenant set the thermostat high? 

Especially when I saw the high rankings on Airdna for DFW and started to dig into the highest performing listings and sub markets around the area.

However, while I was still getting contractor bids for different projects, I found 3 different companies that are quick (based off of their contracts and guarantees) and have good quality of work (based off of previous and current investor feedback) but come at the cost of price.

The rules are designed to prevent related parties from engaging in exchanges that shift high basis property for low basis property, followed by a sale of the low basis property, effectively "cashing out" without recognizing gain.If you sell a property to a related party as part of a 1031 exchange, both you and the related party must hold the exchanged properties for at least two years following the exchange.

Provide copies to all parties involved.This project-specific agreement works well for one-time jobs, but if you plan to work with subcontractors regularly, I highly recommend having an attorney draft a Master Services Agreement (MSA) for your business.