Hello, I'm also new to Real Estate learning, but from what I gathered from following couple of podcasts, essentially BP, househacking is the best option for beginners.Now, should you put your whole 100k in your first property?

Essentially, my tenant took free rent for 8-10 months and recently did a runner. 

I've been told that due to "Force Majuere".Force majeure is a common clause in contracts which essentially frees both parties from liability or obligation when an extraordinary event or circumstance beyond the control of the parties, such as a war, strike, riot, crime, epidemic or sudden legal changes prevents one or both parties from fulfilling their obligations under the contract.

Then continue to use those funds to BRRRROR2. 1031 Exchange the funds and pay market value (which I think is actually overinflated because of the supply shortage) essentially overpaying 50-60K on $700k worth of assets.In my mind, I'm thinking it's better to be cash heavy right now for when defaults come and continue to BRRRR and get the lost taxes back through wholesales/flips bought with the cash rather than overpay and lose the same amount on overinflated prices. 

Are developers syndicators or do they use syndicators to finance the equity portion so they don't have to raise it them selves (essentially acting as an equity broker)?

Just pointing out that from my perspective he is asking how to structure what is essentially a partnership, and you were advising on paying a contractor to complete a task.

Aside of things like properly identifying parties, property, competence of the parties, mistake, fraud, meeting of the minds, etc, there are three essential elements required to form a binding contract:Offer - one party offers to sell, lease, or otherwise transfer ownership of an item to a buyer.Acceptance - the other party accepts the first party's offer.

Especially in this market but hey nothing is impossible...............For these reasons and many others the general consensus is that trying to wholesale on market properties is essentially a waste of time for all parties involved.

It essentially functions as a credit card but the difference is that you pay the "Credit Limit" beforehand.

Essentially, I have been using QuickBooks for expenses and overarching record keeping, and excel to keep track of the breakdown of the categorical/long term expenses (or allocations from rental income towards long-term expenses).