Investment Info:Small multi-family (2-4 units) buy & hold investment.

A 1031 exchange is for selling an investment property then buying another investment property. 

Investment Info:Small multi-family (2-4 units) buy & hold investment.

Most of the legit investors I know won't buy those deals out of principle, regardless of terms. 

Quote from @Nicholas Klaene: Hello,I'm currently looking to buy my first rental.

Out of state investors can do really well here, but you can also lose a decent chunk of money if you buy wrong.Lots of out of state investors, especially those from California get a little blindsided because everything here is so cheap it all looks like a guaranteed great deal.

Before you think you're getting in for zero down, have you asked what kind of cash reserves you have to have to qualify for the loan such as X number of months rent, and X number of months taxes, and what about insurance are they going to require you to buy one years of insurance or something.

My local cable, internet, cell and utility companies are already using it to field calls and answer questions online and phone.

The BRRRR method (Buy, Rehab, Rent, Refinance, Repeat) could also be a great strategy to recycle your capital.To find deals, try direct mail campaigns targeting absentee owners or distressed properties, or go driving for dollars in neighborhoods with strong rental potential.

BiggerPockets also has a calculator to analyze deals, and I highly recommend you start this as soon as possible, even if you are not ready to buy.