Does failure count as experience" -Absolutely, as long as you learn from the failure and apply that knowledge to future endeavors.

Personally, I plan to do this in the future since I love the entrepreneurial aspect of real estate investing.

@Jonathan HickersonWelcome to BP, and congratulations on making the decision to invest in your future via real estate.I have written a few blog posts that may help you get started here on BP, and with your investing.

We will either refinance or open a HELOC to facilitate future deals.

2) Does doing this type of upgrade without a permit dissuade future buyers?

I feel that starting early is beneficial for the future.

Now have decided to just put the funds from the sale of the 1031 into escrow while deciding on which future properties to purchase. who does the check get made out to in this case?

If not, past returns should be a good indicator of future performance.

@Sandy NormanWelcome to BP, and congratulations on making the decision to invest in your future via real estate.I have written a few blog posts that may help you get started here on BP, and with your investing.

This whole meeting and initial book reading stirred the memories I had of my father and we can’t help but to continue where he left off and build a legacy for our future family.