It is very easy to do. 75% of my real estate brokerage clients are people who have exchanged in or out of a different asset to make their lives better - more units, bigger buildings, newer buildings, better location etc...1031 is the way to go with a solid real estate team. 

I work with investor clients out of the Spokane/Coeur D'alene area. 

Here's a post I made about helping a client "exit" the landlord stage of his life.

My CPA says I am one of his most organized clients he has.Excel is very powerful and customizable to do what you need.

But most of my short-term rental clients weigh their personal use of the property pretty heavily.Good luck. 

A downturn in the market could negate expected gains, impacting the overall investment strategy.Additional Suggestion:- Cash Reserves: Maintain strong cash reserves to cover the negative cash flow and any unforeseen expenses.

While I don't think you will get much appreciation, that is a pretty strong return just from cashflow. 

Rather than re-create the wheel clients come to me nationally to source properties and I help them as a commercial retail buyers broker.

Nevada is landlord friendly, low property taxes, and strong job and population growth.

However, I would strongly suggest you do not extend $125,000 here.