I think it's a great strategy to replace the BRRRR strategy for entry level investors who need number of cash flowing property to replace their 9 to 5s. 3.

@Howard Cheng, Qualified and non-qualified use only applies to the period of time you owned your replacement property (the converted property). 

I can build cheaper than I could replace but there is a time and stress factor to consider.

1. coaching- all of the "coaches" were newbies themselves with about 1 year of experience and about 1 deal under their belts and they always disappear after 2-3 months and get replaced with new "coaches".2. networking- they have a FB group, populated primarily by other newbies. go there to answer questions, and it's likely you'll get other newbies saying "good question". there are lots of newbies hoping to get into a deal, but who wants to put together a team where every single person is brand new with no experience?

When you say the older vintage properties cash flow better I’m concerned you’re focusing in on properties  in areas that are below today’s replacement cost but in areas that cannot absorb the required capex.

Blinds would typically fall in the wheelhouse of the tenant but some landlords do replace stuff like that.

You can use the 1031 to sell a larger unit that provides better cash flow while minimizing active management.You can either try to cluster those sales together so they close in a way that lets your replacement property be listed on each 45 day period and you close on it within 180 days of the first sale (the first exchange that will expire).Or you could do something like a reverse exchange where your Qi purchases the new property and holds it for you for up to 180 days while you sell all of your properties. 

In the early days all anyone ever talked about was that Bitcoin was going to replace fiat currency.  

Being that your tenants are month to month does provide some relief for the new owner in terms of being less restricted on raising rent and/or replacing the tenants.

I'm trying to confirm the final replacement property identification deadline because the IRS issued a Disaster Notice that may extend my 45 day deadline.My qualified intermediary says they will not confirm the IRS notice applies or whether the 45 day date they gave me is overridden by the notice.