Get the house hack under contract and closed first. 

I was going to put down 5% (about $40,000) at closing.

When you do a traditional 1031 exchange you have 45 day identification period, to provide a list of potential replacement properties and 180 days to close on a replacement.

Someone mentioned wanting to be within driving distance of a property, but I actually prefer not to be close.

Step 2- close and start rehab-- would need to pay holding cost during rehab?

Eggs in many baskets or eggs in one basket and watch that basket closely???

From what I can tell with all the research I’ve done I need to set up the app on my phone (to see the video) while in close proximity to the camera to connect.

We usually have 2-5 properties a year that we buy or sale.  

From there we identify properties that could have some potential and if you are interesting in diving deeper, 1) we do a thorough video walkthrough to give you a realistic look of the property, 2) we give a ballpark estimate of rehab costs (we do 40 a year with our GCs o we will get pretty close), 3) we talk through market rent with our property management team, ARV, and potential highest and best use.Ideally you find great investor agents who know their market really well and have a network of resources to provide you with enough confidence to take reasonable action. 

Radiant heat is what you feel when you sit too close to a campfire.