I personally think 2% is reasonable, especially if he found the deal and did all the work to get it over the finish line.

Hi Everyone,Thinking of doing a 1031 exchange and getting into a Triple N investment.

But from the information I have read, I don't think it is worth pursuing.

I think it’s a great option.

If some of you think now is an awful time to do this (re: interest rates) I'm open to being told to wait as well.

Bob is right that you can get better cash flow on the east side, but I still see deals pop up over there from time to time and I don't see any rapid depreciation in those neighborhoods coming any time soon and I think if your strategy is to buy and hold in nicer areas with less risk, it's a very good area to target.

I think you need a bit more information/clarity around what you are looking to accomplish.What ARV are you thinking? 

If you run into challenges, call a different independent insurance broker - they usually rep numerous companies and I think you will find a solution.  

Utilities, site upgrades, engineering?

Think you may need a handyman, agent, loan officer, real estate attorney, real estate inspector....