(I am trying to start my own evil genius repotics lab) and I need funding that is not coming from the government.So I get a ton of leads a week, I flip the ones I can flip, wholesale the rest...The AMAZING deals.. like the 5K house, I keep as rental passive income.I would do the same thing if I were you.Get as many leads as you can.. where ever you get them from.

The rest of the owners are not able to select a different appraiser besides the one selected by the developer since we need 50% of the votes.Any advice or experience to share?

Put it to rest as quickly as you can.

And you must use all of the net proceeds from the sale in your purchase of replacement property.In your example you will need to purchase a property or properties worth at least $340K ish and use all $180K ish to do that.There is no specific requirement to replace a mortgage of similar amount although that usually ends up happening in order to fill the gap between the 180 and 340.You can purchase less than what you sell and you can also take cash out of the sale but you will pay tax on that while still sheltering the rest in your 1031.

I am in Buffalo for the rest of today.

I am sacrificing probably 10 years of my life to do this the right way, and hopefully I get to live the rest of my life the way I want to, financially free.

In this case you're not throwing away your closing cost money from your 1st purchase and because you're a few years into the loan more of your payment goes to principal and your future tenant will be paying off the rest of this mortgage for you.

I make sure to get this upfront, before handing over keys, and if the lease begins on a day other than the first of the month, make sure to get at least one full month's rent and deposit immediately.It seems that the majority of tenant problems are avoided upfront with good tenant screening, and that most of the rest are avoided with responsive landlording and clear expectation setting. 

More power and it's really invigorating to hear stories like yours and motivate the rest of the investors.

I could have easily sprayed texture on it with the texture gun to match the knock down pattern that is in place on the rest of the wall.