But only after the financial infrastructure to support a flip is set up.

To ensure this:Fix the violations & have the apartment re-inspected so you can get it back producing $ (I know you're doing this already)Provide the attorney you're using to sue the tenant w/ evidence to support the condition of the property when the tenant moved in & the work orders completed while the tenant was there.

Hi Amiris,Thanks for your comment.We launched like 2 weeks ago with a half A$$ed website and ZERO marketing and already recruited 7 agents.I have had VC's throwing money at me like crazy but we are looking at bootstrapping for now until we prove the concept and maybe raise money on our terms.Looking at including all of these things in our online platform:Live support, training and “How To” video’s, various marketing templates, a CRM database management software, a DIY social media account set up, a DIY personal website set up, create own Dotloop signature tool, online continual education courses and a full blown real estate library of videos, tips, webinars, courses, etc..I'm super excited about this mate and believe it to be the new revolution of real estate brokerages Thanks again

Every now and then a 1%+ property comes along, but it's extremely rare.And the reason for that is because the whole 1% Test, 2% Test / Score / Rule or whatever you want to call it is designed as a metric for the rest of the county where the median home value is half of what it is in California.

Some relatively simple formulas can make it almost automatic and will suit your needs.If you want to get additional features support, my personal favorite cloud based accounting platform is Xero, but also Quickbooks is extremely popular with lots of customization options.Let me know if you have any other questions.

If you have a track record of doing this, the banks or other investors would have no problem supporting you with money. 

I’m new to the site and welcome the opportunity to learn from all of you and provide support to you as much as I can.I’m a new investor from the Orlando, Florida area (live in Maitland).

Just be careful not to throw the baby out with the bath water and rule out good areas.

Additional info:primary 1031 exchange rules and requirements include: 1) same taxpayer: the taxpayer who sells is the taxpayer who buys, 2) property identification within 45 calendar days post closing of the first property, 3) purchase of the replacement property within 180 calendar days, 4) trading up: the price of the replacement property is equal to or greater than the old or relinquished property, 5) hold time supports the intent to hold for investment, and 6) related party transaction regulations. 

There could be several ways to achieve this but knowing the subdivision rules is key.