If you see an inflation adjusted declining per capita income you need to carefully consider the long term value of the investment.Inflation adjusted income in Las Vegas has been slowly increasing (except during the 2008 to 2011 crash) and projections are that the increases will continue according to a Federal Reserve Bank study.Ongoing Maintenance CostOngoing maintenance costs can have a significant impact on profitability.

This would give me time to fix up each condo.Thank YouTommyHi Tommy, 1031 Exchange funds can be used for "routine selling" expenses such as broker's commission, title insurance costs, escrow closing fees, recording fees, exchange fees, etc., but not for operating expenses such as prorated property taxes, prorated rents, HOA fees, etc., unless you want to pay taxes on the amounts paid. 

With management in place and appropriate holdbacks for cap ex, maintenance, taxes, insurance, water, etc it has cashflow of 900/month even as a pig.  

During our stay, there was only one real maintenance issue.

I'm just wondering if it's normal practice to include tenants are responsible for maintenance up to a certain dollar amount like $100? 

We specialize in Resident Management, Maintenance Coordination, and Turnkey Management. 

Some providers will also stay on and manage them so you do not have to worry about maintenance issues or placing a tenant. 

You have also look at area for crime, deferred maintenance needed, vacancy rate, property management, insurance, taxes, etc.

Inspection report indicates major deferred maintenance issues.

Hey BP!I have family that are in need of referrals for an electrician, plumber, property manager and HVAC technician in the River West area of Milwaukee.Please help us out :)Thanks!