Now this does create a chain of liability where you (the employer) is liable for any misdeeds by the non-licensed employee be it by intent or ignorance, it will not matter. 

Purchase price: $110,000 Cash invested: $60,000 Sale price: $225,000 This property has 2 units and 2 storage units creating 4 income streams.

There's no reason to provide details, though I do let people know if anyone asks that we do not accept bulk up-front rent payments or anything like that because I absolutely do not want a prospective tenant to think that someone else swooped in with a bunch of cash last minute.

@Grant ShipmanIn my experience with these units are very difficult to manage and people at the 30% level also create a new set of problems.

If you anticipate selling the replacement property in a few years without another exchange, the tax deferral may only be temporary.This post does not create a CPA-Client relationship.

I appreciate the detailed breakdown.

Once you are satisfied with the quantity of assets it is not hard to create your own management systems with VA,s and a part time person or two once it is financially viable.   

I imagine finding the exact lease details of local "comps" is a lot more difficult than residential comps.

• Project Scope & Cost: • Can you provide a detailed, itemized estimate?

@Grace Tapfuma I have no idea how things work in Australia but if I were you in the US…Don’t sell the business.Businesses usually sell for a much lower multiple of their products income than real estate does.To be honest, you’ve built out a lot of infrastructure to create a successful business and maybe reinvesting in it would create a much better return on investment.For which you could reinvest those future profits into real estate, once you’ve scaled your business into a money making machine that isn’t so dependent upon YOU to drive the bottom line.I had a friend (38 years old) just recently sell his medical device company for $30M dollars and now he’s using this chapter of his life to passively invest in real estate ventures.Meanwhile, I’ve been toiling out here for 19 years as a real estate investor and I’ve built a portfolio worth $18M and have a net worth of $5M at 41 years old.Sometimes the grass isn’t greener on the other side.Correct me if I’m missing something!