Tenant estoppel letters should be used in the sale or purchase of any tenant-occupied real estate, whether residential or commercial. 

Winning with cash really depends on the quality of the property and the timeline of the seller.

If nothing else, and you decide to sell with a 1031, something to consider would be trying to time the sale towards the beginning of the calendar year so it gives you max time to potentially re-invest into something that will offset the gain, and/or strategize some additional tax savings. 

@Olivia Leija I'm glad you found the article to be helpful!

Your goal is to have a statement balance of $0 every month. 

It will be best to choose one and run with it for a bit so you have a base of comparison for the future - keycheck is a solid start.

Purchase price: $28,000 Cash invested: $28,000 Raw land, and 2 adjacent lots to be developed into duplex rental What made you interested in investing in this type of deal?

Here is a link to some of the upcoming Chicago events:  https://www.biggerpockets.com/forums/521-real-estate-events-...What do you currently do full time for work? 

@Andres Triveno, operating the LLC 100% means that we sign contracts and other documents as member or manager of the LLC instead of using our own names, we have a business phone instead of using our personal phone, we have a business checking account for business spend.

So he must have already bought the duplex or none of these things could be happening.