@Roberto Vasquez, A 1031 exchange is an entire process that involves the use of an unrelated 3rd party called the qualified intermediary whose sole job is to document the sale and purchase transactions and to hold the funds inbetween. 

These meetings can be a valuable source for learning the business and are typically a good source to network with others in the business. 

I thought it would be appropriate to post in the rehabbing thread as that has been my main specialty for all these years, although I have utilized many other investment strategies and will continue to do so.So with that, if you have any specific questions on rehabbing, sourcing deals, numbers on deals, how to get over a hump, or whatever rehabbing question, do ask, hopefully I can answer it for you here.Happy investing to all!

Hey Gordon,To be considered a first-time homebuyer, you cannot have any ownership interest (sole or joint) in a residential property for 3 years prior to purchasing the subject property.

I think you need to learn how to access OPM and use those funds to solely ownr income properties.

Most preforeclosures are resolved between the owner and the bank, but are NOT removed from the lead sources so the majority of preforeclosures you see on Zillow are nothing and the owners will be VERY mad if you call.

If you plan to use a property manager, they'll be the best source for information about attracting tenants in any given neighborhood.

Where did your source your cabinets?

Having a co-signer on a loan can increase your chances of getting approved because the lender will combine both income sources.

Have owned/sold 2 other primary residences in GA and CO.Income Source: Salaried W2 (My  military), 1099 independent contractor (wife realtor,  third year),  rental income approx $48-50K year but cash flowing about  $2K month.Monthly debt obligations appearing on credit report, plus (if applicable) personal rent and alimony/child support/etc: $ One  car payment of 350 per month, 2840 personal rent, FICO: Right at 800, some over some say high 790sCredit issues: none.Thank you for any advice or questions.