I think you need to focus on one strategy first before you explore too many different options.

So, when investing in areas they don’t really know, investors should research the different property Class submarkets.

Second, the ownership of the relinquished property and the replacement property in the three (3) Private Letter Rulings involved two distinctly different taxpayers.

What are the biggest challenges people have faced with this. Also how do I make sure to get good tenants?

(So therefore we wouldn’t have to pass on the cost of the repair to him ie. the tenant).Now, several months later, I contacted the contractor to ask if he would be to provide a price estimate for a different job at our house.

@Jay Hinrichs 100% these can work differently depending on your state laws.

It's probably not going to end well for that landlord.We actually had this happen to us twice last year (at the same time, in 2 different units)!

Sometimes they'll have gurus come thru that charge more for a full day class or more extensive training.I've posted before some lists of area meetups...each has a little different twist and following. 

However, it's a deal in a different state and during the Facetime showing, I could tell the tenants were gross and makes me think they don't care about taking care of the place or their living conditions.

My goal right now is show them a few different options and the financials.