I would hire a CPA but I'm too small right now to reasonably afford it, so I'm hoping BPers can help.Last year, I successfully executed a 1031 exchange, selling one SFR for $190k and buying two SFRs for $66k and $124k.

Whether we're buying or selling, speed is always a tremendous advantage.Simplicity - The recipient only needs an email account and a phone/computer to execute a signature.

Hire a good manager to oversee the operations and I would work with this person to ensure they are executing on the business plan. 

California wants to reduce dependence upon fossil fuels, and foreign sources of energy - both good ideas - though how we are going about it is poor execution, and largely inefficient.

I also appreciate the flawless advice from the many good folk here, sharing their professional answers with us novices, Lord bless you all, amen.

My suggestion is to break the learning process up into manageable pieces, and try to grow daily instead of burning out with too many competing ideas.4) There is No Get Rich Quick Here: Sorry real estate is a great way to get rich and wealthy, but is takes time (primarily focused on learning and executing).

And start executing on it intentionally.2.

Your contractor or project manager should be first on the scene.Rule #5: Expect the UnexpectedNo matter how good you are at planning and executing your vision, things happen.

Instead of computer systems trading stocks, these institutions rely on people and paper forms to process the more one-off types of transactions that happen in non-traditional assets like real estate.If you stop at this layer, you have a 3rd party processor that holds the funds and executes transactions at your request. 

Some contractors provide 'rough' estimates with a rough outline of the work, some have told me they can produce a bill that can directly be executed on.- Any comment on reasons to flip or not to flip :)Thanks,Mussa