@Jay Hinrichs Yes still good money in flips and new builds to be made especially with off market deals.

At 63 you will have to find ways to speed up the process - partnering, value add and finding extraordinary deals.

What made you interested in investing in this type of deal?

What made you interested in investing in this type of deal?

But the deal is still horrible. 

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.

We look for multifamily 10-80 units in Jacksonville and Orlando and it's tough to make deals pencil right now for all the reasons Shawn said.

As far taking a $1K loss a month, maybe talk to different prop mgmt companies to see if you can get a better deal or if your property needs any upgrades that you can perform in order to ask for a better or higher rent, something to consider.

Deals tend to make more sense out there.

Let the truly impacted communities deal with the problem and let the rest of us keep bringing in the tax revenues for our communities.