Of course, I had to make additional assumptions about the cost of property taxes, insurance etc. 

Do you work with any specialty tax firms to help us small business owners get access to R&D tax credits, cost segregation and other specialty tax credits?

If you live there 2 years or more before selling you will be exempt from tax on the 1st $250k in profit which is a nice bonus. 

To analyze deals efficiently, focus on key metrics like cash flow, cap rate, and expense ratios—make sure rental income covers mortgage, taxes, insurance, and maintenance while hitting your 6% cap rate target.

One is focused on real estate and its all military folks and vets (I'm active duty Navy) and the other one is focused on being well rounded, while also building wealth and passive income.

You need this property because of the tax code --its one of the categories where a taxpayer can meaningful reduce tax liability.

Conventional lending requires tax returns, good FICO and reasonable DTI. 

The intent of 1031 was not to let passive investors get out of taxes. 

But if they want easy income, it could definitely work! 

The Tenant Class greatly impacts rental income stability and property maintenance/damage by tenants.Both Property Classand Tenant Class affect what type of contractors, handymen and property management companies will work on a property.If you buy & renovate a property in Class D area to Class A standards, what Tenant Class will rent it?