And you can change numbers and sell one and buy two or more allocating your proceeds in whatever way you wish.As @Mindy Jensen, you must use a Qualified Intermediary and they must be in place prior to the sale of your old property.

So if you are not an aggressive investor, you might not realize the risk that you are taking, versus looking at other nonaccredited investor offerings.My advice would be to figure out first how you want to allocate your portfolio based on strategies and risk, and only then drill down to picking which 2-3 platforms are best.

So, you need to be allocating 1/240th of the price of the furnace every month.

The rent in Monterey County is lower may be $2.4K instead of $3.5K in SJC.Near downtown SJ where Googl announced to build a campus in the future, the land is not all allocated, the $ speculation has started for months. 1000s of cluster condos, apts are under construction.

Would a reasonable 8% of rental income as a property management fee be something that could qualify as self-employment activity, allocated separately from the overall rental income?

You seem to be allocating 0.22% for closing costs on the sale.

Its an allocation of cash received.

I think you have to register and if you get approved, you get an allocation of how many homes you buy in the exclusive period per year.

My original goal was to allocate some savings towards rental property in order to generate passive income and (hopefully) achieve better returns than a broad stock market fund. 

This shift in equity cashflow allocations effectively provides the Winning Bidder with leverage that is comparable to the ratio provided (e.g. 2:1).