I could follow the same plan as Option 2, but switch jobs to a Akron Hospital and have a higher cash flow. 

@Ajay Bodas I have heard the same recommendation from my 1031 Intermediary and tax guy, but they both also said, "It Depends"... following this post to see what some other smart members know!

Look into local tax incentives and financing options, and reach out to local real estate groups or mentors to better understand the market.Good luck!

So if I understand sub to, you're basically assuming the mortgage.

Their program is simple to understand for the most part.

You can follow me @merrillgroupsells. 

Verifying last 2 years of rental history and income extremely important to find the “best of the worst”.Make sure you understand the Class of properties you are looking at and the corresponding results to expect.The City of Detroit has 183 Neighborhoods we’ve analyzed.DM us if you’d like to discuss this logical approach in greater detail!

Huntsville, AL is my #1 at the moment, followed by Augusta, GA.

Thanks Brandon Rizzo for understanding here.

Then bought my own deal the following year 37.7k sq ft warehouse on 4 acres in Plano.Been buying industrial for last 6 years.I think your plan is right, I'm a big proponent of joint venturing on commercial deals.