We have one property that rents for over $2k that we bought quite a while ago - it is in a prime Jones Valley location (35802), and would sell for way over 350k if we ever decided to move it.$250k will get you a rent of around $1500. 

So if you want to buy a house to live in as an owner occupant, you have to get the tenant's permission to buy it (and to sell it).

If the answer to all three is Yes, I buy.And let life unfold.I have NO IDEA what the ultimate return will be….NONE….And neither does any other investor if they are honest…..most crystal balls I find are broken.But if one acquires the property is a solid long term manner based on fundamental investing principles and is never forced to sell…History indicates the long term trajectory of price and rents are up.In my experience, real estate follows cycles……. 6 or 7 years of a bull market, 1 or 2 years down (though the up is always larger than the down), 1 or 2 years of flat which then sets the floor for the next run up.

I get texts/postcards/calls offering me cash for the house a lot, but I don’t want to sell the whole thing outright, I want to retain my ownership and investment and build a property empire with someone who wants to invest - and I’m totally okay with full involvement or silent partnership. 

Hello, I am about to sell a property in the Bronx and plan on doing a 1031.

First step is to identify the area you want to target!

@Aaron Malki, if you're selling a property you want to do a 1031 on then you'll list it exactly as aggressively and in all the same places as a regular property. 

My tenant refuses to honor the 90-day intent to sell notice which I served them well in advance.

Your gain is sales price less costs to sell less your adjusted basis. 

Licensable vacation rentals are obviously in high demand and offers can become quite competitive, I don't have any formal statistics but I'd say a quality active or eligible vacation rental sells at least twice as fast as a non STR property, the majority within days..My best advice to investors shopping for a hot or high demand asset class is:- Prepare & Practice: Get your ducks (GO UO!)