But it boggles my mind how seasoned RE investors can advocate for debt, but then also talk about cash flow being the objective, and appreciation being "icing on the cake" I think you have this wrong.

And that was a good rate then so I can relate a little to what you said.

I am a relatively new investor.

Hi, I would like to know if the following scenario, which is related to this forum post, would qualify for 1031 Exchange?

The catch is that the next property has to be of higher value and has to be purchased relatively quickly after the sale of the first house.

If you can compete well with the rental rates and still make the money you want to per door, why not.I agree with Brandon that duplexes aren't generally a great investment if your goal is to sell in a relatively short time... unless of course you are purchasing, and I assume refurbishing, for way under market value.

Shari Posey:Paying a "premium" is a relative term and a subjective number.

Derek there are 2 objectives of using lease options.

I have a relative that is a doctor.

An local architect is a good person to ask to see how likely it is that the variance will go through.Also, when applying for a variance you have to publicly announce it (in the paper or with a sign on the property) so any neighbors who may object have the opportunity to do so.