I would love to hear any advice, recommendations on where I can acquire more knowledge or even a good book you think I should read.

@Julio Velazquez this has been my strategy to acquire 100 rental properties and become a decamillionaire.

We can show you examples of investors that acquired properties early and because of that have done very well in a relatively short time.

I'm looking to acquire my first rental property. 3-4 Bedroom, Between $130k-$210k, with no more renovation needed than just cosmetics- planning on having it managed professionally.

@Bud Evans Just curious how did you acquire a 72k SFR for only 2,500?

So I’m new to real estate, but I’ve acquired some knowledge.

Just to add a little more, to meet the requirements of the like-kind exchange, the seller must inform the intermediary within 45 days (so there is a bit of a time crunch and you'll want it set up and ready to go) which property is being exchanged and acquired.

Hello BP Mates,Last October we acquired our first SFH rental property and now it is time to understand and execute a tax strategy that aligns with our goals and maximizes our ability to invest in the future.

It still lowers your overall return, but it might also put undue pressure on the sponsor to acquire with less discipline.  

Consider something like this:Year    Units Acquired     Total Units    Monthly Cash flow1         4                         4                  $6002         8                         12                $18003         12                       24                $36004         20                       44                $66005         20                       64                $96006         20                       84                $12,6007         20                       104              $15,6008         30                       134              $20,100Etc.....