For instance, someone making $500k a year and living in a very highly appreciating market might be extremely happy on a deal that loses $200 a month but is getting 5% appreciation on a 2 million dollar property in San Diego, butut that doesn't make sense for the investor with 30k and a lower paying job.When it comes to the book series I agree with you that the order doesn't make sense (having read both).

Investors should therefore exercise significant care when choosing their Qualified Intermediary because of the critical role the company will play in the administration of their 1031 Exchange transaction.It is extremely important to note that 1031 Exchange Qualified Intermediaries are generally not required to be licensed, regulated, audited or otherwise monitored by any regulatory body.

Sure you could do a money market or put it in an ETF or something, but this is one of the options where the balance "can't" go down or is extremely low risk while making a decent yield.

She was scrambling for a new title company that understood the local subtleties, and my buddy’s referral to a quiet, under-the-radar exchange facilitator near Lake Oswego ended up saving her deal from what felt like a slow-motion derailment.What really helped both of them was teaming up with a local pro who understood the Oregon laws like the back of her hand.

Thanks Zach, I totally agree.Here are some things that keep me extremely optimistic about the build, when I have moments of frustration:-My initial expectation of value was ~340k.  

That said, even with photos, comping homes in Detroit proper is extremely difficult.

They sold two appreciated duplexes in Dallas and we turned them into 8 units in Mesa, AZ with higher cash-flow, and much closer proximity to Southern California.I'll add to your Phoenix "pros" list:1) Landlord friendly rental rules2) Easy evictions in < 30 days3) Rents are rising faster (on a % basis) than many other metro areas4) Low property taxes (and the property taxes don't sky rocket after a purchase as they do in CA)5) Very low vacancy and extremely high tenant demand.

Here is an article i found with a simple google search: about $5000 but i thought quiet title in georgia was actually higher.Tax Deed Services For Owners of Tax Deeds - Gomez & Golomb LLC

He gives realistic no fluff advice for those starting out and of course that's a huge part of BP audience not the guru's or the guys at are at the top already or say they are.. but real advice on how to work in a local market and do the things it takes to get there and how long it generally will take a person if they are dedicated extremely focused on the goal as Steve and his family were. 

On other extreme let's look at that, a "good" STR business.