And meanwhile, the other side wants to minimize the goodwill portion and maximize the land/building if they're doing a 1031. 

I feel that there could be a possible dip in the economy, and in the Housing market and just wanted to know if there were some ways you can minimize risk when purchasing in times like these?

Check the furnace filter, make sure downspouts are attached/down, ensure tenant is caring for landscaping, check on smoke detectors, are there evidence of pests, does it look like more people are living here then indicated on your lease, and finally is there evidence of pets not on the lease. 

Just my 2 cents, but I think if you minimize your expenses and bill them back you'd be upwards of $250/mo or so which is much better than $170/mo.

I have considered reinvesting in my business and myself but I want to lower my taxes and be able to produce income while not working or minimal work ( maybe 20-25 hours a week ) .

#2 - It sounds like you are going to be tight on operating reserves. and 8 to 10 cap MultiFamily is indicative of significant risk.

They are just catching up over the past year. properties are sitting on market longer, and you will see price reductions. that is a good indicator that supply is coming back. 

Granted in area like San Carlos, the effort should be minimal. 50% rule: $3300 (rent) * 0.5 (50% rule) - $3300 (mortgage, may include some escrow which should not be included here) = -$1650/month.Using 40% due to self managed: $3300*0.6-$3300= -$1320/month. 

It's worse than they think.China Has Ground To A Halt: "On The Ground" Indicators Confirm Worst-Case Scenariohttps://www.zerohedge.com/econ..."... virtually all of China - and all those critical supply chains that keep companies across the globe humming and stocked with critical inventory - remain on lockdown.

Many things aren't covered that you thought may be.Home warranty businesses are in it to make money, which requires them to maximize income and minimize expenses.