I believe that should be OK from the 1031 perspective.

This is where a great agent who understands your goals comes in - someone who knows the local market really well, has a sense of urgency, and will help you see things from various financial perspectives.

There are also maps that let you look at variables from a neighborhood perspective.

@Benjamin J Paoletti if I can add some perspective, my most profitable building on a cash flow basis has been my first one.

Hello all, My question is: When using a website like Cozy.Co for screening and tenant applications, would it be appropriate to have all perspective applicants pay the application fee for backround/credit check, despite knowing if they qualify or not?

It is a projection of that is feasible based on their OWN circumstance, mental capacity, risk management, and their perspective of life.In turn all the yaysayers, may just be overly supportive, hopeful, knowing that if you mess up it is not their butt on the line so it is a lot easier to support you from the side lines.So the true advice anyone can really give you is.. look at yourself.

So, pros and cons, but as a longterm investment, little has as strong a track record as publicly traded stocks.Just injecting a balanced perspective into the (rightly) real-estate-favoring conversation!

I definitely want to learn from others' perspectives and see what others are doing to make it happen! 

THank goodness it's all over and we're starting fresh in our new state. 

(Below scenario is a generalized reenactment from the perspective a random individual).