Hey everyone.I own 4 single family homes, looking to scale up.

Hey BP'ers - looking at my first large multi-family and need help knowing what the unknowns are.  

Ok guys I need some insight before I go insane ..On my personal  residence I recently did a construction loan for a large addition and had a lot of work done .the contractor has been paid through the bank on five different draws according to what he’s done he’s a small outfit so we’ve been very lenient and the inspector from the bank seem to be as well because he ( contractor) would not always complete the work in the draw outline .

Hardwood/Ceramic:  more luxurious, much more costly, but moving in the right direction for up-scale and low maintenance.3. 

I currently own a maintenance company here in the Tampa Bay market that services commercial and residential homes through either Realtors, Property management companies,  and large REIT's.

Short REITs such as avalon that have large exposure to markets such as SF Seattle and NYC where rents went up so high to drive people to purchase but developers kept permittingNote analysis does not apply to sfh and non top 10 metro.

Before getting on here responded to a messaged saying that this may be an option for someone who fails to meet the identification period for a 1031 but if someone has a large gain they may also have a large amount of recapture... 

But, what if only ONE owner can afford to make a large repair (i.e. replace the A/C unit) after one year and the other owner cannot afford to help with that repair?

In my experience, those large cuts are normally due to findings during inspections from past potential buyers.

In theory if a property can not produce positive cash flow with a hypothetical 100% financing it will never have true positive cash flow, you will need to buy your cash flow up front with a large down payment.