The biggest challenge (and this is what I had to learn the hard way) will be to overcome the decades-long stigma that has plagued the neighborhood and get prospective tenants to sign on.

My challenge is using what I have been taught to determine the offer amount.

I'd get a little more targeted if engaging the police.

Now that my kids are older, I want to be professional about it, have fun(meet challenges), and use it as a way to achieve financial independence.

Make sure you read the contract either way and know what it says and means so you understand the rules of engagement you are offering.

Other success/challenge stories appreciated!

On 1031's all the exchange companies I talk to say that 1 year is generally held by the IRS to be viable according to case law and rulings for holding for investment purposes.Anything under a year and the IRS is aggressive to challenge the 1031.

I agree it's a frustrating rule but as a long term investor it doesn't bother me that much because an OO buyer will be engaged in the neighborhood and stabilize it.

Fond memories of the aroma put off by the Mead paper plant.....Study up here on the site, reach out and engage the community.

It's such a slim chance that anyone in the area even has any idea they could challenge it that it's probably non existent.