In my humble opinion, unless they had no clue that you were going to do rehab/flips, they should refund your 1031 Exchange fee.

@Bill Gulley (With humble respect I say the following) Once again I laugh at your posts placing your foot in your mouth speaking about things you preach to understand and do not.

., so that’s a little bit of a plus.So that’s where I’m coming from, as far as where I want to go…my main goal is to create a stream of “passive” income which at some point would be high enough to cover my humble expenses, thus giving me a choice to do whatever I want, allowing me to quit the rat race being one option.

Have a humble and servant attitude will get you far.

BUT also be humble and ask A LOT of questions.

Account Closed I think you asked this same question on the Aussie site... you may want to ask the question in a different manner.Would experienced US investors recommend someone from AU investing in 30k or under properties in big mid west towns and then trust PM to handle them for them while they live 6k miles from the properties.The running costs.. bad tenants , deferred maintenance etc etc will no doubt cut your cash flow projections severely.In my humble opinion since you live half way around the world you should concentrate on a small multi family or a premier SFR in a much better location than you will get as opposed in buying very low end basically ghetto properties.James sells some nice stuff in the 50 to 60k range,, you would be safer in those price ranges...People that make it work in 30k and under houses live in the market and its a personal hands on type of investment...

I am humble enough to learn because I can never know everything there is to know about real estate investing (including notes).I don't want to risk my money buying the notes only to lose money on them.

I also had a humble, "teach me" attitude towards things which helped.Good luck and I look forward to reading about your first investment!

It's humbling to see the potential downsides of MF investing.

You can put your deals on the forum and get imput no from one or two people, but many folks will weight in.My humble opinion is spend your hard earned money in making your first deal.