Never bet on a loan before you have it without a healthy margin. 

I will tell you that you will need to learn some new skills and habits as well as getting the whole family involved. 

Based on this guys behavior, there was more than that involved.

I don't know if I ever really accomplish much but it is nice to get together with like minded individuals and discuss what we are involved in and hopefully to help someone get started.

Thus my initial motivation for getting involved in Real Estate Investing). 

So for most typical 1031 exchange property this will not work.Example: Sell stock for $500k capital gain, contribute that into a Qualified Opportunity Zone Fund (QOZ Fund) and then either build a new apartment building or buy one for $250k for example and put $250k of renovations into it.Best bet might be new construction if you want real estate.

If you have some questions on anything feel free to call Boo or Logan at our office - those two guys can answer any questions you have to make sure you're getting involved in the right program for you :) And don't worry - they're not your typical commission hungry sales reps, John pays them hefty salaries and they know their  biggest priority is to find out what each person actually needs and see how we can help them so you won't be pressured into anything.

@Timothy M WeberAs a contingency I would certainly want to look the leases in detail Look them over Good *before I agreed to the sale I also would specify that the seller is to give notice and get sIgnatures to all tenants in any and all units involved that they must vacate and the lease is not being renewed .

If you are going with a traditional bank, your best bet is a smaller regional bank. 

And you can bet that whatever you end up paying for the property will be what the new valuation will be the following year unless its lower than the current value in which case you need to protest.