If you've already closed on the property you're buying you can't do a 1031 exchange; that has to in place prior to closing. 

I believe that once I close on that first (second, currently renting out prior primary residence) property I can begin the process of refining and replicating for maximum efficiency.

Due to the deferring goals of my business partner and future wife, it wouldn't be wise for all 3 of us to go into deals together.

Second, she's not buying it for investment while I do - different goals.

Hi everyone, I wanted to throw out a question and get some ideas/feedback back from you guys.Trying to soak up as much information as possible before I make my first purchase If you had to start from the beginning,  and you had $50,000 cash to invest, and your ultimate goal was to quit your day job and do this for a living within the next 5-10 yrs, how would you invest? 

It really depends on you're comfortable with and your goals.

Stay encouraged my friend... set your goal and make it happen.

I would love to know how those of you who have invested in multi units in the twin cities have hit your Cash on Cash ROI & cash flow goals, given that the properties I've found on the MLS have multiple offers and seem to be flying off the market at or above asking price.  

I would love to connect with you and find out your goals and maybe offer some guidance and tell you about some of the mistakes that I have made so that way you don't make them and lose money like I did.

Instead of paying off the loan in 5 years, set a goal to pay it off in 2.5 years.