Kelley Clarke is an expert on that if you decide to go that route.You don't necessarily have to "buy out" all the investors who think they want a 1031, but rather find a solution to the problem they are trying to solve -- How to pay less tax.At BAM, we have been getting a "1031 Effect" through cost segregation which will offset other income in the "passive" bucket.

You need a licensed expert who will actually be doing the work.

Become a numbers "expert" in a few key locations. 

My question for you expert landlords:-  What are the pitfalls of a Landlord implementing this on their own? 

Hi @Anson K Au,I'm not an expert on this by any means but I was listening to a Lance Edwards podcast interviewing Geoffrey Platt from Arbor. 

Until you're an expert in rehabbing properties you need someone on your side.

That type of attention doesn't work for property managers or out-of-state investors.Also, here's some slightly modified advice we posted elsewhere on BP:Some advice: DO NOT buy a Detroit property via Quit Claimed Deed (QCD) unless you are an expert in the Detroit market!

Being a newbie in this industry, it helps to have experts weigh in.

Since real estate has helped prop up the economy over the last few years, I have been watching it very closely and figured the experts on these forums may be able to provide valuable feedback about the direction of the real estate markets and their insights in general.

My goal is to have a positive cash flow of $12,000 - $15,000 per month in 15 years (hopefully less, but I want to be realistic).I'd love to get some feedback from the experts about the plan I've laid out and any suggestions you might have based on your own experiences.Thanks all!