If you have a bookkeeper make sure to keep them in the loop with any changes that take place with managing your books and make sure they are tightly tied in with your CPA.I hope this helps!

A may defer the remaining gain of $30,000, including the $20,000 gain attributable to depreciation, under Code Sec. 1031.

I would like this to my be my full time job once started, but if I have all my money tied up in that property I cannot then move onto the next property.

The conservative way to budget Capex reserves is to look at estimated remaining useful life of each item: roof, siding, windows, kitchen, HVAC, water heater, bathroom, fences, gutters, chimney linings/tuckpointing, foundation items, etc, and assigning a replacement cost divided by remaining useful life.  

I'm curious to learn how folks have structured financing when leveraging both hard money and private (family/friend) money.For example, if you have hard money that covers 80% purchase and 100% rehab, then a private (family/friend) money that covers the remaining 20% purchase as well as holding costs and initial rehab costs, what kind of rates and payment terms did you settle on for your private (family/friend) lender? 

That means any penalties that I paid was made up for already on the purchase2) I don't like that my money was tied up and felt restricted until a certain age.3) I believed my appreciation / cash flow from real estate would be greater than the return in a retirement account(Not self-directed)4) Real estate investments can provide some tax benefits so you can still think of it as a 'tax-sheltered account'Best of luck!

•Prices are expected to keep pushing upwards as supply and demand remain uneven, with demand far exceeding the supply.

The second unit we replaced the kitchen, one bath was previously remodeled and the other remains in upgraded condition.

The process is also radically different, one requires mapping tied to GPS coordinate systems the other allows for a simple deed described subdivision. 

My concerns remain about lack of funds and needing a cash advance.