Yes, it's possible to use a 1031 exchange to roll the proceeds from selling your first rental property into a BRRRR (Buy, Rehab, Rent, Refinance, Repeat) deal, but there are a few important things to consider.

Speaking from personal experience on the management side of things and on the owner side of things, if you are paying a property manager 10% of your rent collected, they should absolutely be responsible for the coordination of proactive repairs based on their teams property inspections.

Choosing the right location is the most important, as well as understanding its risk/return profile and decide if you're ok with it.

On a similar note, it seems like so many STR hosts, posting on this forum, do Instant Book and are otherwise very lenient with who they allow to rent their property and "never have any issues". 

There is no hard grading system on investment properties so “Class D” would be a subjective term but ideally it would refer to the “state/condition” of the property, “quality/affordability” of the tenant base and the “rent/income” it could provide.  

I've been a real estate investor for 3 years, at first it was going to be buy and flip but I re-evaluated my markets and changed to rent and hold.

Morgan just launched a new service called "Story" for rent collection, banking, tenant screenings, etc.

It's a conventional loan and we can use 75% of the rents to help you qualify. 

The property is located in Louisville, KY, and has tenants bringing in $2,300 per month. 

Signed a month to month lease and took the lease and the first months rent to the bank.