The reality is that with the super low inventory we have sellers don't have a reason to give you a 50% discount, so your numbers get squeezed and you will end up leaving cash in the deal.

@Bob Bowling,Look at it this way:$150,000 @ 3% for 360 months, Monthly payment: $632.41, times 360 payments = $227,666That is, over 30 years your 3% amortized loan costs you $77, 666 in interest.

Looks super promising for those staying up late on FB a few nights a week.  

The people are super friendly and enjoyable.

Quote from @Henry Clark: Quote from @Jake Andronico: Quote from @Arn Cenedella: @Jake AndronicoI’ve looked into them but have never executed one.Let me say they will be expensive and complicated.I think what you will find if one is trying to defer $50,000 to $100,000 in gain, it’s not going to be worth the time and trouble.On the other hand, if client is trying to defer gain of $500,000 to $1,000,000, it’s worth the time and trouble.I use First American Exchange for my own account a dozen times and they have been right on the money.Google them and reach out.ArnIt's definitely more expensive than a traditional 1031 exchange, but being able to secure properties upfront can be super convenient.   

I'm a super small time investor.

Number 1 reason for non-rental is $ price of rent, second is the season, I say the season is Thanksgiving to Super Bowl. 

I'm also not super optimistic on rents increasing over the next year or two though, especially if we go into a recession.

Hotels and hospitality are a super interesting sector to me.

Although it was hyper competitive and timing was super critical on the majority..