It seems like most people have to wait till the current renter moves out, then spends a week or two painting, routine maintenance, then start showing it to renters and typical a month or more of rental income can be lost in between renters (assuming they find someone quickly).   

The reality is that people want to save by having more people stay in the same place but if they are uncomfortable or don’t have enough plates, you will likely see that in your reviews.

Other than that, you'll want to account for water, trash, insurance, common gas, common electric, cleaning and routine maintenance, landscaping, snow shoveling, and of course, like with buying any kind of property, plan ahead for future expenditures.  

I still had to study after finishing the class but they covered all the material and gave me confidence going in to the actual exam once I got to a point where I could pass the practice exams routinely. 

As a start I've been going over notes I took while reading, making a habit out of reading through BiggerPockets and other investing sites a part of my daily routine, and started looking at listings for properties and try my hand and at calculating potential profitability for them in my spare time.

It feels like there's so much wasted time on something that's so routine but mistake prone.

You will find that you're likely the one that is more uncomfortable asking than how they will feel when being asked.  

I see your a broker in WA, if you routinely search for those types of properties please PM me.

Hi @Cj Powderhorn, The general formula to determine the amount of taxable gain that you have is your gross sale price - routine selling expenses - adjusted cost basis in the property = taxable gain. 

Hi @Ray Slack, Operating expenses like prorated property taxes are not routine selling expenses and are therefore not "permissible 1031 Exchange" expenses.