@Mike Hurney hmmmm...I can tell ya I'm not holding my breath for Quincy. 

If your intent is to immediately sell (flip) then it would not qualify for 1031 treatment and if questioned you would owe the entire tax plus.2.

My intent is to buy and hold.

The guru's teach their students to put ridiculous offers on properties, whether from MLS, auctions, etc with no intention of actually closing themselves.   

People are buying 2 flats for a minimum of $550k, with the intent to owner occupy and rent out the other unit.

I originally bought it with the intention of fixing up some of the nuances of the home to add value and make a small profit and/or turn it into a rental.

Hello,Sorry if this has been answered before but I wasn't able to find a similar post.My wife and I just bought our first single family house that we're living in while we renovate with the intent to turn into our first rental property.

I did not approach this scenario with the intention of maximizing leverage because in this case someone who has no borrowing capacity in the eyes of the bank they wouldn't be able to leverage anything anyway.

From reading a few posts on Bigger Pockets, I thought what an amazing community to be apart of and have the intention to continue my exploration as a part of this community set on realizing our fullest potential.Have Fun, Dan

From reading a few posts on Bigger Pockets, I thought what an amazing community to be apart of and have the intention to continue my exploration as a part of this community set on realizing our fullest potential.Have Fun, Dan