I want to help you have information to make your decision, but really don't want to spend 10 hours working on a detailed estimate only to have you exercise your termination option.

A good exercise for anyone is to call every single small bank is available, and see if they will do 80% loan to value on acquisitions.If you have a business plan that shows that you buy fix and hold, and you only want 80% of value in a reasonable interest-rate, they may accommodate you 10 20 or 30 yearsJust search for portfolio lenders that will work with you has a lot to do with two things: one is your persistence and two is how organized and professional you areGet a business plan that shows that you're for real and show every single deal you've doneThe alternative is to get private lenders that will lend you 80% loan to value in long-term

For this exercise, let's assume it's $50K total.3.

And that's the mental exercise you can go through to see just where your tolerance level is for paying tax vs the deferral route of a 1031.  

Based on what I've read here on BiggerPockets, it seems that the IRS's 120 day right of redemption period is merely a statutory right that the agency has not/does not actually exercise(d).Would it even help me as a 3rd purchaser of a property at a sheriff's sale to start the demolition phase of construction during this 120 day redemption period? 

Quickbooks does not allow importing CSV or Excel PM transactions; so, you will have to purchase a CSV to QBO converter on top of this exercise...crazy.Most CPAs and bookkeepers just manually re-key each transaction and owner's pay the price tag.

But, if it was me and I had the choice, I would start small as I was young and trust that I will have a sound understanding of myself as an investor to leverage later for larger returns with lower risk.For the ease of this exercise, let's say you sell your SFR for $200k (there may be better options, but for the purposes of this exercise...).

Broker must exercise reasonable skill and care for Seller, including, but not limited to the following: 5.1.1.

I echo two things Ryan has said: This business is reallybuilt on reputation -- so take the time it takes to buildit carefully, and secondly, exercise real caution.Caution doesn't mean not ever doing a deal.

For short sales, you'll get plenty of seller interest, but no bank interest.This just doesn't seem like a fruitful exercise to me, and I'd suggest learning how to analyze deals FIRST so that you don't have to make ridiculous offers that get you a bad reputation with listing agents (and it will).