I agree with @Sam LLoyd with respect to finding someone you are already friends with.

@Sam ShuehYes since the tenant did not pay last months rent, she agreed to have this withdrawn from last months rent.

My partners and I have already created an Alabama LLC and opened a business bank account.Any recommendations on who I could speak to or other general advice would be great.Thanks,Sam

@Sam C.Hey Sam I’ve spoken to Kc home solutions and Premier.

Hi @Sam Schrimsher ,Unfortunately, the Bigger Pockets URL doesn't work for other users.Whenever doing quick calcs, I revert to the 50% rule (half of all rents go towards property expenses + property management + capex + insurance + ...)

The point of the 1031 is to defer taxation, so it's about how much you would be giving to uncle sam if you sold the traditional way.

Hey Sam thanks for posting, its always fun to analyze deals and see where we differ.

This is by far the most common "off market" deal and the one you are most likely to see bought by an inexperienced or relatively inexperienced syndicator...or a 1031 buyer that doesn't want to cut a check to uncle Sam.

.~$250k in equity in our small condo in Boulder, CO (worth about $530k right now) - we owe about $280k for 12 more years of a 15 year refiEmergency fund worth of cash (a bit low) and some insignificant retirement accounts ($10k and $30k, respectively)"Good" self-employment income, around $150k for both of us (it's all relative and that feels like pennies in Boulder)About $20k in credit card debt which should get paid off in a matter of a few months (we had some extraneous expenses in the recent past; long story; "won't happen again")About $16k car loan on my wife's Real Estate Mobile (she is a RE agent here in Boulder)I feel like we're the "Sam" character in Chapter 12 of the book - classically calculating our net worth looks OK, but calculating our "Real Net Worth" comes out depressingly negative.We really want to get started in REI, but of course we need to pay off our credit card debt and probably the car loan and save up $X first.Right?

What Sam Shueh said.The bank took my low ball offer for cash.