I was the HML who put the CA clients into title for 1k per house.. then countrywide or wells would refi them in about 90 to 120 days generally they could cover their lending costs and be positive cash flow 50 to 150 a month..

So lets hope something positive happens, but also make sure to plan for the worst case as well.

Roughly $600 per month in positive cash flow.What made you interested in investing in this type of deal?

However, when you don't know what you don't know, this is an incredibly dangerous and risky position to be in with such an expensive investment.Just my 2 cents.

My comment is not intended to be negative or positive, only sharing my experience as an agent working with investors who use this system to make their offers in my area. 

🎉 A $300/month positive cash flow is a solid start, especially after house hacking.

The 1031 positions the investor into a property that the REIT absorbs as @Joe Sera said in the 721 conversion. 

I position my inspections as 'planning for future repairs/improvements' which mitigates that whole 'he's here to get my security deposit' mindset.And, I would rather have the tenant with me than to have him later claim that something was broken during the inspection.  

We pride ourselves in keeping the forums positive, helpful, and focused on real estate (please, no politics, religion, etc.).

I would greatly appreciate any guidance, resources, or recommendations you may have for someone in my position.