If I'm spending 500k... my profit should be higher? 

If possible, you may want to learn in a place where you don't need to spend $750k on a fixer. 

Let the money stack up until you either want to buy another SFH and do the same thing, or decide to spend it on a Ferrari.Just my 2 cents.I can’t argue.  

Also, the idea separating them is so you don't accidentally spend them and then no way to pay it back when the time comes.Some states if you don't refund the security deposit within X amount of days, the penality is that you will have to pay back the security deposit x2. 

I’m based out of Lehi, Utah, and have always been fascinated by the potential of real estate to create opportunities and build wealth.After spending time learning about the industry and what it takes to succeed, I’m ready to dive in and start making deals happen!

Was last year abnormal or you think the normMy guess is you will spend a lot more than $200k on an attorney with benefits etc. but if it cuts down in expenses it definitely is something I would consider and even if it costs a little more, having control with having someone in house does reduce unknown costs and risks. 

No reason to spend $1000-$1200 on a typical 1031 QIMathew 

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.

My primary business is owning a wealth management company, and is where I enjoy spending my time.

Stop hanging out with your deadbeat buddies who spend all day drinking, talking sports, and otherwise wasting away.