Section 1031 is a Federal code (U.S.

A couple other options would be section 8 as well as looking for non rent control areas/buildings with major upside in rents.

@pete tam,The California broker exam is a 5 hour exam seperates into two separate 2.5 hour sections totaling 200 questions.

Others point to IRS Code Section 168(e)(2)(A)(i) – which essentially states that if 80% of revenue from a structure comes from rent, it’s a residential rent property and should be depreciated at 27.5 years.Either way, a well purchased / well managed mobile home park will kick off the excess (after tax) cash yields you're looking for.

But I'd like to hear from experienced landlords.Anyone have experience with Buffalo area Section 8?

@Adrian Schlueter I once found a property in a hot section of the city with spectacular comps.

Simply click the box in the upper right corner of the post!

The hardest part would be convincing the owner and agent, part of which is offering attractive terms for everyone.If the numbers don't pencil, keep it in mind for the next deal, as there's always another one around the corner.

It cash flows $700 mkmonth occupied but I may want to bring my rental property closer to home (Arizona) someday.Drive by if you like. 3001 Sheldon (corner of Sheldon & Torreon. 

There is always another deal around the corner.$11k is a pretty small profit unless you are doing volume.Be patient and the right situation and deal will arise.