Is your DSCR ratio greater than 1-meaning are you cash flowing (according to the lender's criteria of mortgage, property taxes and insurance (and HOA) if applicable).

,When you 1031, you carry your adjusted tax basis from the old into the new. 

Of course it’s not as simple as it appears.....lots of hidden costs, taxes, insurance, preservation, etc. and much depends on the jurisdiction as to length of foreclosure process. 

Any tips on getting cheap bulk liens searches would be helpful.

Thanks for the tips on practical things renters love.  

I'm bias, but NV is right next door with the 4th lowest property taxes in the US, much more friendly landlord laws, strong appreciation, etc.

What are some things i should put on the Rental Agreement to protect myself form rentals not paying or etc...And what are some tips to create a successful rental income.

Since new properties have a full useful life, tax savings can be realized by expensing depreciation.

Title issues, seller issues, non-refundable deposits, no inspection period, lending issues, appraisal issues, liens, IRS liens, city liens, no wills, unpaid back taxes, solar liens, and all kinds of other crazy stuff.   

The purchase price is around $2m and tax assessed value is around $1.3m.