I would say that 80% of the Building Inspectors I worked with over the years (in SoCal) were on a power trip.

So, proper screening is EXTREMELY important!

Rental property is extremely tax advantaged based on the current tax code.

He has millions of dollars invested in his property and must be extremely careful that he doesnt't rent it to a person who is a crazy failure.

By improvements I mean that there is power, water and sewer/septic installed and working.

*Did not pay for the training* It appears to be a method to lend wholesalers earnest money and make supposedly extremely high returns.

It's an incredibly powerful hack if you do meet the criteria.In other words, marry a real estate agent who's an RE Pro!

This is why mentorship can be so powerful in helping people achieve their goals.

Here is the how I would explain it to a kindergartner:The true power of a 1031 exchange is the ability for an investor to meet their investment objectives without losing equity to taxation.With more money they can buy larger, multiple, or more productive properties.What is the alternative?

Take the year to do powerful renovations like the kitchen, adding bedrooms and bathrooms and updating what needs updating (up to the standards of the other renovated homes in the area).