@Justin Dixon the properties are already in the market and hundreds of investors are competing for a single property. 

@Jay Truong, there are literally hundreds of companies in Wyoming who do this very cheaply. 

You just need to really run your numbers accurately, and with the stated rents hundreds below your projection, it is clear that you will need to chunk a significant amount of cash into the place to even pull those rental values up, and then once you do, good freakin' luck finding a comp property for an appraisal.

I've completed hundreds of construction projects in the Chicago area as well as consulted on development projects across the country for my clients and partners. 

You can bank on the yearly events here that draw hundreds of thousands of visitors (WM Phoenix Open golf tournament, multiple MLB teams for Spring Training, Barrett Jackson auto show, Arabian horse shows, etc).

You get a real estate agent, find a house, buy the house and have a high mortgage for the next 30 years costing you hundreds of thousands of dollars.

So  you would pay tax on the $245K   In that instance you would only shelter the remaining $14K.With an average exchange fee you'd probably still be saving a few hundred bucks. 

Once you've got your first property under your belt and it appreciates at a rate of hundreds of dollars per day and rents easily to great tenants, you'll probably start to like this market a lot more.

I then have a list of a couple of hundred different common jobs we do with material and markup on material and job hour averages.

The liability usually has a limit of a couple hundred thousand dollars.