When the identical property next door shows 24k a year in gross rents, but yours shows 75k in gross rents, I just added a ton of equity to your property without lifting a hammer.  

But it can be very difficult for you to be the GC on your own rehab loan where you are the borrower, even though HUD/FHA allow it (most lenders will not), and the GC cannot have any conflict of interest or identity of interest with anyone else involved in the transaction. 

I want to do a background check or at least verify identity prior to giving out a code.

In this context, "like-kind" means similar in nature, not necessarily identical in type.Using a Qualified Intermediary:To facilitate the 1031 exchange, the investor cannot directly touch the sale proceeds.

For a 1/10 of what it now costs in America, you can 'own' a superior property 15-20 mins way , with identical amenities, AND can reliably return 10-20%+ annually. 

I'll have an unpopular opinion here, but we have two almost identical units in a condominium where one has mounted TVs in both bedrooms and in the living room and the other only has a TV mounted in the living room. 

You can have 2 identical properties next to each other but have a $500k - $700k difference in value.

@Michael Richardson this will be an outside the box option to consider.Offer to sell the condo to your tenants with a wrap around mortgage on the 1st trust deed with identical terms as the mortgage and have your tenants pay your mortgage and HOA dues so you have no monthly loss.Then give the buyers (your tenants) a second trust deed/note for $100k that you carry for five years, or some agreed upon time period, with no payments that accumulates interest with the whole thing due and payable at the end of the note period.

I have 2 identical ads in rotation on CL and renew daily.I don't have my phone number listed.

My criteria is identical to yours and i'm having a hard time finding a property in which the numbers make sense and the cash flow is there.