Centralize your back office / use remote employees / VA where appropriate to cut costs and improve service levels / responsiveness.  5.

But what your really paying for, especially in LUX, is for the supreme level of knowledge, experience, skill and network all of which took years upon years of blood, sweat, pain, energy, money and time MOUNTAINS of time to acquire that mastery. 

Hey @Patrick Braswell  You shouldn't have any issues getting a DSCR loan as long as you have at least 1 borrower who owns 20 to 25% of the property, or if a couple of you can get to that level combined. 

Prices a few years ago were based on expectations of (in addition to interest rates staying low): - Then current operating cost assumptions (like insurance cost expectations being flat)- A seeming disregard for record levels of new inventory / supply hitting the market- Extremely high inbound migration expectations which are likely to not be met, due to both natural disasters and the boomerang effect when people from California or the Northeast move to the American South and hate every minute of the humidity, the large and relentless swarm of insects, and the occasional hurricane. 

You have the ability to grant permissions based on the user's security level, which you determine.

It may feel cumbersome, but their diligence reflects the level of security and service you can expect once onboarded.

Quote from @Marcus Auerbach: @Eric Bilderback - there was a time when I felt I really should "gratuate" into MF, but I never did and I wanted to or thought I wanted to at one point try and get to that level 100s of units. 

Depending on your income level, you may be able to take some losses on your return.

I hope all the noobs are learning from our expert-level discussion. 

Deviations from the Private Letter Rulings will significantly increase your risk of structuring this type of advanced 1031 exchange.You should discuss this more advanced 1031 Exchange structure in greater detail with your legal, tax and financial advisors to determine your comfort level with this complicated 1031 Exchange structure and the inherent risks involved.