Sellers will trade equity for peace of mind in distressed situations or other situations where it make sense for them to do so.  

I have had the fortunate advantage to grow up with all of this accumulated knowledge around me and have worked for many of them learning the individual trades.

Hey @Oliver BonkWhat about renting the space(s) out to skilled trades?  

Just like a pair of pliers is used differently by plumbers, electricians, and other trades people - same principle, different application for vastly different goals.As you're learning about 1031s come from the approach of your goals.  

Hi @Delany Olson, you definitely have the right frame of mind in seeking a mentor - a seasoned local investor can be invaluable in helping you learn the tricks of the trade here.I definitely struggled to find some great mentors myself, however, and I think that my experience could perhaps be of value to you!

If you need help with permits, construction services, trade permits, third party inspections or architectural drawings, I'm your girl. 

Hi @Danielle Sanders You definitely have the right frame of mind in seeking a mentor - a seasoned local investor can be invaluable in helping you learn the tricks of the trade here.Just be careful that you set expectations correctly for yourself and for the mentor - most of the time that I've sought the advice of a mentor, they've directed me to some resource or material.Let me know if you think that "The Ultimate Guide to Finding Incredible Mentors" might help you in your real estate investing journey!

The ethical side is fair pricing for services rendered, it is covered under the Fair Trades Act as amended, gouging is usually associated with jacking up gas prices or selling generators at 4 times their value after a hurricane, but it also applies to general business conduct.

What are your goals for trading your Chicago property for one in Torrance?

Bryan, could you please explain what you mean by "rent vs economic vacancy trade off"?