You can take yourself out or severely set yourself back if things go awry.I've bounced around the investment mortgage industry for 5 years. 

Quote from @JD Martin: Quote from @Jay Hinrichs: Quote from @Matthew Drouin: Small wine town is all I needed to hear.Seasonal tourism is usually not a great industry in which to build a sustainable business.There are probably higher and better uses of your capital near high velocity metro areas.We have small wine towns near our city in the finger lakes region of western NY.  

I wish I had known this was possible 20 years ago, but learned of it when I joined the industry 11 years ago. 

The first thing to know is that the 1031 Exchange Qualified Intermediary industry has no licensing or regulatory body. 

Where these numbers are found, there is a very high rate of rent actually being paid.We have over a dozen Fortune 500 companies just in Metro Detroit with huge Healthcare, Auto, and mortgage industry National footprints.

I'm a small business owner in the food industry; however, real estate is where I want to be full time.

These are the different properties that are included in the 1031 exchange requirement: commercial buildings such as offices, schools and different establishments that are important for the population, as well as single family rentals, multi family rentals, industrial facilities, and even raw lands are included in the like-kind.

Would my previous industry experience (property management, acquisitions, asset management, Realtor) improve my chances of qualifying for a DSCR loan?

Real estate is a very capital intensive industry and if you do not have the money the odds of success are very low - it is no different than starting any other business - how many people do you know are successful when they start with zero?

Agree 100%, trust and transparency are what set professionals apart in this industry.