My wife and I decided to  start out of state rental investing in Columbus Ohio.

My uninformed opinion was that 1031 allowed for the deferral and transfer to the new property.

If you increase rents, if you go MUGS and put the utilities, if if if ifHaving owned and sold businesses and 1-2 properties, I have learned that I do not want to pay for POTENTIAL, but want to pay for what it ACTUALLY produces.Of course the seller will want the max, and the real estate agent will also want the max, so will push for the Pro-forma or potential income.....and base asking price off of this.I find that my numbers to evaluate properties almost never work with the asking price (based off potential), but almost always work with ACTUAL value.

My name is Carli, I'm a real estate agent with Kansas City Realty based in Kansas City, MO.

My CPA put that as loss in my tax return and carried it over.Next year they sold the property for a gain of 32K.

I definitely wouldn’t buy anything that didn’t meet my criteria.

Some tenants are busy.When I recently took over a property, my business partner and I (1) called each of them to introduce ourselves, (2) sent a text message and (3) sent a letter.

I'm moving to Northern VA to start my career.

My wife and I are both currently public school educators and I also happen to be a coach.

Strange experience... went to redfin to see what it says about my property... virtually nothing there but then my property typed out with (unit) #2 shows up with all my details.