Thanks for the feedback but I'm completely burned out on analyzing deals.

It's perfectly fine to purchase your new property using a complete 1031 echange. 

Pretty much anything outside the Seattle core metro.I started investing across the Puget Sound in Kitsap County (Bremerton) with a BRRRR duplex.

I focus on distressed properties and then complete the rehab to quickly raise the properties value.

Just keep in mind that if it is an older house with cast iron pipes and you lift the foundation, those pipes are likely to break and need replacing - partial or a complete repipe. 

Thanks Stuart.I don't think a "thesis" is necessary for real estate investing.Your mixing "thesis" with speculation and prediction IMO$1m in cash is retirement for someone that knows what they are doing in "low barrier" markets like you mention.Same can't be said for higher entry markets.Those that don't know real estate will loose no matter where or how they invest.Personally, I don't care about appreciation as I don't get out of bed unless I can net cashflow 20% net on a deal.For example, just bought a 6 unit in a B class area for $160,000.Currently occupied and renting for $3,000pm.Once minor rehab of $50,000 is completed, rents will be $4,500.I have an offer to sell as is for $250,000.ARV is $350,000.When interest rates go down, value will increase even further due to commercial lending being easier.No need for appreciation on such deals.I'll take them all day long over any appreciation potential.Again, just my opinion and each to their own.

The shed is not cool if it really is one, but my guess is it does not have a foundation, so it's no really a building.On the bright side, sounds like you have long-term tenants, which greatly reduces your turnover expenses.

The course(s) is completely free and doesn't hide nothing or a hook to buy a mentorship/program. https://www.propelio.com/acade... and a Owner Finance course give by Dan Diaz (no relation).

Hello,I purchased an investment property in Largo, Florida about two years ago.My tenant called me a few days ago and noted she heard a cracking sound and the tile's in the entry way started to lift.I got a foundation contractor to come out to the house and he noted I have raveling soils as well as many other houses in my area and that my foundation is slightly compromised.

It sounds, from your post, that you are looking to turn a lemon into lemonade, but you might have sort of a decent lime in your bag.