You are looking at the rent of $2,000 and mortgage (Loan, Insurance, and Taxes) of $18000 and thinking you have $200 cash-flow.

No matter the number of units, there is one roof, one property tax bill, one sewer line, one gardener bill, etc. 3.

Thanks again for your input, and I'll probably reach out as I get further along in the process.Hi @Edward Zachary Samperio, the regulations aren't that difficult and I'd be happy to give you a quick rundown about the density limits, hotel occupancy taxes, permitting, etc.

The key is that in order to completely defer all tax you must purchase at least as much as your net sale. 

You must have the Business tax license & pay all the fees required.  

Worse case I just continue to manufacture them through my fix-n-flip business and buy with seller financing where available.Also, is tax lien investing really viable today? 

Can provide all the benefits from a cash flow and tax perspective.

Not to mention the tax benefits it allows. 

I’d fix it up and list it to sell after I’d been there two years to take the gain tax free.

@Fulati PaerhatiA 1031 exchange is a powerful strategy to defer capital gains taxes and grow your rental portfolio.