Let's assume it magically appraises for $120k as they say....appraisals don't mean a thing if the neighborhood doesn't support it.

And after the 1031 is complete have your accountant do his magic to make this disappear.Oh and buy a big bottle of tylenol in the meantime.

It's your perfect opportunity to meet other investors and discover the magical world of short-term and medium-term rentals.

As I've come to find out, they aren't just going to magically appear because I want them to...hahaI've heard through the grapevine that a great way to find distressed properties is on the MLS, so I've arranged to meet up with a realtor this week who works with investors I just want to make sure I'm asking the right questions and insuring that my meeting isn't a waste of time for both of us1.

Quote from @William Silva:Personally I don't think there is any magic. 

@Bryan Hartlen Disputing the value of preservation repairs is an entire chapter of stipulations with back and forth notices and its own set of deadlines and magical referees etc.

There is no magic sauce to wholesaling but I honestly believe the $5,500 I spent cut at least 2 years off my learning curve, especially since I work full time.

Let me know what margin did you pick since the all in one loan or AIO is based on 1 month libor + your fixed margin that you pick.The borrower has the option of buying down their margin but the real magic of the AIO is the interest is not only calculated daily but theres a 20 day grace period before its added/charged to your AIO account on the 20/21st of the next month.

Finally, the 8th one was the magic number.

Otherwise, I merely educated my clients in some fundamentals of taxation.So, if you don't know the basics, then any accountant will deliver "magic" results to you.