So, if your total proceeds are $350K, $350K must go into your replacement properties.As @John Warren stated, best to get a 1031 Qualified Intermediary on board sooner rather than later so that they can review the specifics of your situation. 1031 exchanges involve several statutory requirements, but a good 1031 QI will walk you through the process so that you can stay a step ahead.

However, if you take all the proper steps, make sure you have insurance and that your tenants have renters insurance, you will be well on your way to having a successful business and enjoy that cashflow from your properties!

That knowledge will be valuable as you step up to the big leagues.

What are my next steps if they aren’t on speaking terms.

Any advice regarding my next steps would be greatly appreciated, thank you!

Hello, if anyone could help clarify for me the steps to making my first offer on a property.

You should have enough experience to take the next step in investing.

The next step is going to be actually visiting the towns, driving & walking around and getting a sense for things on the ground.

Done right, it's the first step towards building wealth.

I personally don’t recommend it but if you go that route make sure everyone’s responsibilities are clearly defined and you aren’t stepping on each other’s toes.