Regarding your 40k spread, do you mean in instant equity?

This also gives you the oppurtunity the create INSTANT equity with the fixes and upgrades using OPM (other peoples money)!

everyone wants a deal.. and this is very regionalized.. on the west coast what you pay for it is usually what its worth.. or will appraise for .out in other markets you can get ARV apprasials for substantially more than you will pay.some think they have instant equity.;  Others think its really only worth what you paid for it.Banks can be led to believe in the apprsials and therby give you some paper equity

The tenant can link directly to their bank account and pay instantly.

The house is a duplex with the upstairs unit on a newer natural gas system with instant hot water and that’s the unit I intend to occupy.

We live in an instant gratification society.

I would probably not pay you full rent and be looking for a new place instantly.

I stumbled upon the bigger pockets podcast series looking for a valuable way to use my morning commute and instantly became hooked.

Thanks for the excellent post.We love instant gratification, who wants to work for anything anyways?

I'm not sure that the IRS has put an exact timeline on how long you need to hold it for, but the intent is that you would have income through appreciation or rental income, not by instant sale.Also, in a 1031 exchange, the entity that sells the first property needs to be the SAME entity that buys the next property.