You just invest some of the funds required to do the investment, not all the funds, so that the local guy is literally heavily invested in the success of the project. 

I've been told by  financial planner that, during the 200-hour CFP training program, there is literally only about 30-45 minutes about real estate.There most certainly is a market for financial planners that incorporate real estate analysis.

Literally anything is negotiable, but the seller could also tell you to pound sand on any requests. 

I’m literally in the process of reading books and binge listening to the BP podcast.  

So when you're seeing some of these bargain-basement prices it's because they're literally falling apart, they have stone foundations, knob-and-tube electrical, asbestos plaster walls/floor tiles, old cast iron plumbing throughout... 

I know the market is hot there, big tourist area (country allows STR), I've looked at houses literally on the same street that have great homeaway/airbnb bookings.

Dude, I literally don't think anyone could offer me enough to sell.

Literally everything has to be ripped out.

For the $450 prop that would mean:$100k cash from the current prop + $100k new loan (replacing debt) + plus $250K out of pocket                   ORPay off the $100k loan,  use $100k cash from current prop + $350k out of pocket.Use your remaining cash (my math says $100-200k) as down payments on other cash flow properties (if your goals is to grow your portfolio quickly and let tenants pay off your loans, my strategy), or hang onto it until you have enough to buy another in cash (if you're more focused on maximizing per-unit income and minimizing risk, and don't' mind having capital tied up).If you keep using the 1031 process literally until you die (and remember you can leapfrog from one to several, from small to bigger, SFR to MFR etc), then you completely avoid all taxation and pass your properties on to your heirs with a stepped-up tax basis equal to their fair market value at the time of your death.

It literally took me 7 years of saving all my tax returns and bonuses to earn enough for the down payment on my first rental...7 years is a long time!!