I went on to a cite sponsored by tax practitioners (paid prepares, tax focused cpa's and tax attorneys) and even with them this exact same question gets about 50% on one side and 50% on the other. 

I admit I need to become more disciplined with spending habits before saving for investing and paying my debt off in full would better prepare me to do so.

Are you prepared to put in THAT effort? 

You never know what is going to happen in the future but try to be prepared for it.  

My mentor has several subcontractors that I will be working with, but I would like to be prepared if any of them are unable to meet my needs.

What are some essential aspects I should look for when analyzing a market in preparation for making a purchase and what should I know about mortgages as they relate to loans in regards to selling a property after acquiring it through a down/ principal payment?

Sign Listing Agreement to sell relinquished property.Sign Agreement of Sale with Buyer.Retain 1031 CORP. as your Qualified Intermediary (QI).1031 CORP. prepares documents and provides closing/escrow officer with instructions.Closing takes place and proceeds are forwarded to 1031 CORP. and placed into exchange deposit account.The 45-Day Identification Period and 180-Exchange Period begin.Identify replacement properties to 1031 CORP.Sign Agreement of Sale for new property and use exchange proceeds for deposit.QI provides closing/escrow officer with instructions and transfers exchange funds.Replacement property is acquired and exchange completed.

Hi @Kerry Boyle, I need attorney service to do documentation work like prepare notes, mortgage documents, look into title search documnets etc..Thanks

Sorry for the newbie questions but I want to make sure I am fully prepared!

Sounds like Unit 1 will need about 3k in refreshing.So 120k total for 825 a month.That 825 will cover the cost for the finance, insurance, taxes.But be prepared to write some fat checks.How long you plan on living there?