The key is buying it with the correct intent in the 1031.By the way, 1031 exchange isn't just one for one. 

I can see a benefit from not having to re-key a property and offering the smart home system as an incentive for new tenants, has anyone thought of this for their duplexes or multi family units? 

I guess patience key. 

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Living below our means is key.

What type of property would be best:I'd say start small only because you are still young, so perhaps intern with a really awesome wholesaler in your area or find one that is exceptional somewhere in the country and be their virtual assistant (scrubbing their lists or doing online marketing for them] What banks would be best to get a loan from should I need one:I won't worry about the banks just yet, focus on building your foundations and in the process, you'll get a good lender while on the journey to successBusiness and real estate books/ebooks I should read:MUST buy a hard copy of Rich Dad Poor Dad & buy the CashFlow board game [find a friend of yours who likes a challenge and play the CashFlow game with them-they might be a potential partner in your business in the nearest future] Pitfalls/rookie mistakes beginners make:Make a ton of mistakes!

DTI is key to bank loans today and 1040s supposedly prove it. 10 years ago not a problem.

I would suggest adding "Pearland" to your key word notifications.

Hello all,I'm on the board of my HOA, and we're looking for a CPA to start doing an annual review for us.

To sum it up, it’s all about the relationship, and two key components to a successful relationship is reliability and trust....