The "sweep" strategy is part of basic financial education in some countries other than the U.S.

Basically when you compare Cleveland to Riverside, California most every Cleveland deal will look amazing to you on paper.

Everyone that has more than 1 or 2 properties should have some kind of basic spreadsheet that demonstrates how much that property is bringing in after all your fixed costs are accounted for, at a minimum - PITI, lawn care, HOA fees, etc.

We offer it at TFSB but it does require the basics like qualified credit score, DTI ratios - Must have W2 or (2 years of 1099 income) to qualify.

Basically they missed the loss to lease figure and would be breaking even in the first few years.

I'm not sure if we can like to articles on our own websites here, so to be safe I'll just suggest the IRS web page, which does do a pretty good job of explaining the basics: https://www.irs.gov/taxtopics/tc510The main thing to know if you're going to claim business miles is that you do need to keep a log of every business trip. 

I'm basically looking for input in the following:Option 1: Buy a couple of properties and split the money from the 1031 exchange for the down payments.

What's the risk or cost to you if you face an eviction or a bad tenant because you used basic screening techniques? 

A little secret is that Property Management companies come in two basic varieties.

It's basically a ruined farm house with 3 structures.