Thank you,I'm new to this type of investing (more familiar with buying businesses) so I'm cobbling together information from brokers, chatGPT and everything in between to figure out what I need to (at reasonable cost while controlling risk profile) complete an acquisition.Facility is in rural Kansas, and is composed of a portfolio of 4 buildings on 3 parcels. 195 unit count - ~10 years old on average, some are newer (2 years) others older (15+ years)I'm trying to learn what I should watch out for in the process and what studies will be needed to get a good level of comfort before acquiring the facilities

It just depends on what you're comfortable allowing.

Challenge: 1 tenant makes enough $ to comfortably afford the rent on their own.

Yes, you can occupy one half of the duplex after a 1031 and still get the tax deferral - provided that the investment half of duplex by itself is worth at least as much as the land you sold AND all of the proceeds from your land sale are designated for down payment on the investment half only.  3.

Are you comfortable investing out of state? 

Novice here, I've been looking into off-market deals but don't feel comfortable moving forward by myself.

If I get a piece of mail designed on some yellow letters site it is immediately going in the trash because it screams newbie, that won't close on my deal or offer me a fair price.

If this family felt so comfortable in the house, I would expect they'd make an offer. 

Purchase price: $650,000 Cash invested: $240,000 I bought raw land ($170K) and designed the home and managed the construction.

The problem is that each individual is different in terms of how comfortable they feel with leverage.