I don't think it's worthed the hassle to do out-of-state rehab-fix-rent outside CA if you live in CA.About the school district just enter niche.com ; find the best 5 school district in your metro and buy-hold there.All this software opens your eyes that the opportunity is actually located in front of your eyes.For cashflow I still invest in midwest primary for the following reasons :  we need those rentals to maximize tax and cash-flow(gross rent is twice mortgage stuff); I prefer just turnkey for midwest.

Brokers with exceptional communication, negotiation and experience will be at a premium, especially those with finance or mortgage experience for creative structuring and/or established relationships with listing brokers. 

You can make this look better by using a HELOC or 2nd mortgage, you don't necessarily have to sell. 

If I understand your situation correctly, you could structure a Tenancy In Common (TIC) deal where each of the separate LLCs owns an undivided interest in the replacement property, as tenants in common.These deals need to be structured properly and you need to have an attorney familiar with 1031 exchanges involved to make sure it's done properly.Also, if there is a lender involved, that can complicate the matter as well.It's definitely doable, if you have the right professional help while you're doing it.Feel free to write if you have any questions about this.

@Andrew Steffens - See above@John Underwood - see above@Jay Thomas - yes... agree and have thought of future appreciation although the house is so big (5,000 ft2)that it will take me so many repairs bit by bit that I feel like it will get to be time to start Renovating back at the begin again by the time I get to the 'end' of the renovation. haha creative financing is indeed the only option at that point - but then leverage becomes a larger stress point than being mortgage free-ish and just cash flowing 'passively'. also to note is that my town just approved a giant tax bill increase and I already pay 12k a year *insert eye roll emoji* 

Our mortgage payments started at $2300, but due to increasing property taxes and insurance, they have alarmingly risen to just under $3300.

Keith Andrews Home Team was absolutely fantastic, and Mark Kong at Evolution Mortgage was the best lender I've ever worked with, particularly with VA loans!

Hi @Wyatt Fike, when it comes to buying a house, the lender has one primary focus when it comes to qualifying you for a mortgage.

Builder ends up screwing us over and we are out $250k which we are in the process of trying to get back.In the meantime, I'm trying to get a private or hard money loan to finish the buildsCurrent mortgage 273,000Rehab 1 - 150,000Rehab 2 - 150,000Current value for both places approx $350,000ARV $1,000,000 for bothPlan is to refinance and hold as STRI feel that these numbers are reasonable - am I missing something?

(date the rate, marry the mortgage)TLDR: home 1: House on navigable water 2/3 acre. interest 2.75% @ $288k remaining... monthly payment: $1650/mo, rents: $3000/mo, net after expenses: $500/mo and goes up to $1000 after 5 years.home 2: 7% interest @ $550k in the school district we want and nicer home.I want to time the interest rates correctly so they don't go down and prices go up and we get priced out of the market.