I am not interested in war zones and in nice blue collar towns like manville, raritan, boubd brook, somerset, and others you can buy properties that need rehab.  

You're chasing upside without concern for mitigating your downside.A single family home in an upscale and strong demand neighborhood like Beverly Hills is like a blue chip stock in your retirement portfolio.I understand that it does not appreciate as rapidly as a growth stock and I also understand it does not yield dividends equal to a more speculative growth investment, but, when the markets turn, which they always do, It's more likely to retain it's value and provide you a hedge against the risk of more speculative investments.I'm suggesting that by abandoning a solid and less risky investment in order to put all your eggs in a more speculative basket you're giving yourself a better chance of a larger income stream and perhaps better short term appreciation, but you are also risking all of your equity in a more speculative market by buying in less solid markets.To me a smarter, safer move would be to retain a solid blue chip asset that pays for itself and perhaps also pays for the additional equity you could borrow against the asset (new loan or credit line), and then re-invest that borrowed equity in more speculative investments if you wish to generate additional cashflow.If you've outspent yourself and need to generate cashflow quickly for another reason we haven't discussed here I understand that sometimes decisions must be made on a shorter time horizon.  

So, you can absolutely structure the 1031 Exchange, but you need to document your file as much as possible to demonstrate that you did have the intent to hold but that you got an unanticipated offer out of the blue. 

So here's what I like about this area, there are a LOT of empty buildings and EZ access to the Blue Line, I-290 (I guess no longer the Eisenhower) and Roosevelt road on the north and the Pink Line on the south.

As mentioned, Manhattan and SF are prime, blue chip markets.

Also I didn't see any mortgage insuranceGo Blue

But much like i discovered, i can sit and watch youtube REI videos til im blue in the face but that in itself isnt going to make me money.

Welcome to BP community, hope all is well.What was my driving force was eating up audio books to speed up the gaining knowledge process, in return I would gather my questions faster for more deeper research.also all podcast/video-blogs from BP, listen to all of them until you start feeling a craving for a certain niche, then focus more on that new found hunger.recommended books:-Rich Dad Poor Dad-Millionaire Real Estate Agent (known as the Red book within REA's)-Millionaire Real Estate Investor (known as the Blue book within REA's)-4 hour work week-The E Myth for Real Estate Investors-Profit First-10x Rule-Ultimate Beginner's Guide to Real Estate Investing (free from BP)Good luck, you seek , you will find#keepthehustle #lifeisworthliving #notdreamingitsreality

There are parts of the country where 50K houses are the norm and have some great Blue Collar Tenants, then there are parts of the Country where 50K houses will be the first and last time you ever choose to invest in Real Estate of that Category.

Please keep all of our Men and Women in Blue in your prayers and thoughts tonight, and tomorrow and for everyday from now until the end of time.