For the one's not in Miami or in primo spots of coastal FL, $22k/unit is very good.

Not having a payment gives you patience to select good tenants and opportunity during the tough times when others are freaking out from vacancy and racing to offer better incentives to put a body in their place.

@Bryon Andrews was spot on in his advice too - do some Zillow and FB Marketplace surfing every few weeks to see what rents in the blocks near your property have been renting for recently, and track how those fluctuate over time for a few months.  

With your residency limits, maybe check out more affordable spots in Orange, Rockland, or Westchester counties.

The entity you select can impact everything from how you're taxed to how you protect your personal assets.LLCs are often the go-to for real estate investors because of their simplicity and flexibility.

Get the maximum tax deduction, invest, and then be selective about which asset I would like to convert.

Hey everyone,We’re in a tough spot with a recent client purchase.

Tough spot!

My suggestion would be to select someone with the most forum posts or most reviews.

It is therefore extremely important for you to know how to properly evaluate and choose a SAFE 1031 Exchange Qualified Intermediary for your 1031 Exchange transaction.You should always perform a careful and thorough due diligence review before making your final selection.