My basic assumption is I would be trading a certain level of cash flow for increased appreciation over a period of 10 years.

First, I'd suggest getting familiar with the basics of real estate investing—property types, financing, and market analysis.

Personally, I'd prefer dollar-tree ones (if basic, uncluttered look) over none in the room (bedroom, whatever) because I want to encourage trash being put away.

Far to many real estate investors and RE agents just have no clue as to how the court house works how escrow really works and etc etc..

The last 5 deals I bought were all basically move in ready, bought only at a slight discount after deals fell through. 

Quote from @Andrew Syrios: So basically note investing is really trashy and you're looking for a continuous stream of income but instead of alimony or child support it's loan payments instead? 

This new area is basically double the housing cost then the first, but I think finding the team to manage will be much easier.

Basically, it talks about the scope, timeline, and payment terms.

I'm basically looking for input in the following:Option 1: Buy a couple of properties and split the money from the 1031 exchange for the down payments.

Sometimes maybe often times they aren't doing enough to track down the owner or owner's heirs and just collecting checks from the court.