I am new to investing, but I am not new to the construction side of the industry.  

Even though I have only closed one deal through a wholesaler, some of them are good investors themselves or have good insight on the industry.

Thankfully he is in the construction industry and has business experience so that should help.

Anyways, I'm trying to figure out my numbers and I want to talk this through with some pros in the industry.  

Market Exposure: One possible stress test is for a bank to consider their exposure to a particular industry, location, or market.

Thanks for reading, Josh Hi Josh,The two options for you investing in real estate (active investing and passive investing through turnkey) do not have to be mutually exclusive.  

Welcome to the site @Preston MorrisonThe 1st step to take towards that first property is going to be solid w2 income and a good credit score. that will help you get approved for a mortgage.Business courses and the real estate licensure courses would also help to give you a handle on the industry.

Combining a reverse exchange with repositioning a portfolio geographically and taking advantage of combining sec 1031 with your primary residence exclusion - There's some awesomely savvy moves you're contemplating.  

For exclusions to coverage, look at Schedule BII of the ALTA standard policy, what is not covered will be listed on that Schedule of Exclusions.

This industry has a lot of opportunity for people who can process data and information, quickly.