From the time of CLOSING on the relinquished property, the investor has 45 days to nominate potential replacement properties and a total of 180 days from closing to acquire the replacement property.Identification requirements: The investor must identify the replacement property prior to midnight on the 45th day.

Biology says the young will always replace the old.

One of the contractors I was speaking with about replacing carpet asked me if I wanted to have the flooring installed on top of the carpet pad.

Once you have the land you can find a General Contractor that specializes in ground up single family in your area and get an all inclusive price from them - alternatively you can hire an architect and engineers to develop drawings then bid it out to GCs. 

You generally split your draws up in major steps, for example my current property requires about $50k in repairs, of that $20k was the roof, $10k was the knob and tube replacement etc.

Let’s say $175.00 per month for taxes and $75.00 for a $120k cash insurance policy(not replacement).

Because this newbie should be very replaceable if they’re not compliant, provided your pricing is accurate.

In my opinion, the time you make that decision is when the income from real estate replaces or over powers your regular income from a current job.

Know the law, obey the law, treat people honestly and fairly.That will protect you far more than any LLC or insurance policy or attorney.these are great commandments to follow.. stuff can happen but so can a dual bird strike causing catastrophic engine failure and a landing in the HUDSON river.  

Not even an engineer can sign off on those now.