We have spent a good chunk of our lives building up this portfolio, so I am being extra cautious with numbers as you can expect.Our rents are generally in the $1,400 to $2,000 a month range, and the street value is probably between $230k and $300k for the SFHs.

I spent some time as an agent in the St.

@Timothy Lin  The idea of the 1031 exchange benefit is to allow investors to use the capital gains tax they would otherwise have to pay when selling their investment property, And keep the profit from the deferred tax in their pocket.You get to indefinitely defer it into any type of real estate that that might meet your needs better. 

And that was money well spent.

With a diverse background that spans over 14 years in business ownership, sales, marketing, media, and business development, I'm eager to bring my skills and experience into the BiggerPockets community.Before diving into real estate, I spent 16 years in IT with the federal government, and I'm also a proud Air Force wartime veteran.

My reason for doing so, was that I spent most of my free time on my main business that I didn't have time to show rentals, vet tenants, etc.

I spent spent many, many years as a banker prior to us forming this company during the last crash.

Finally, two other things that you can look into or talk with your CPA to see if there could be any advantages to you (you may be phased out due to income for some) is the Section 199A pass-through deduction, which would require you to start tracking hours spent on your real estate enterprise, as well as the possible CA SALT tax workaround in case you were interested in deducting more than the $10k state and local tax cap for the next few years.If you need referrals for professionals in any of these areas in the San Diego area, feel free to reach out. 

If the seller rejects your offer outright, then you just saved a lot of valuable time by NOT having spent hours on a deal with no chance of completion.  

If you have $30K to invest, do you spent 1/3 or 100% of it on a guru program?