Pennsylvania does not recognize 1031 exchanges which means that Pennsylvania will tax the 1031-exchange gain that you deferred on your federal income tax return.

As long as you buy at a fair price where the numbers work out you will be ok, this will give you experience with a rental property but as you get more engaged into real estate investing you will figure out there are so many ways to acquire properties that require a creative mind that can recognize an opportunity and make it work. 

Is you're a go-getter, hard worker, and good at sales, I'd suggest becoming an agent and trying to sell enough homes to leave the body shop and be an agent full time.The income potential is much higher if you're good at it, and you'll be exposing yourself to all sorts of real estate experience and shorten the investing learning curve.If you do it, I highly suggest you follow a proven system like Mike Ferry, Craig Proctor, Brian Buffini, etc.

A metro area can have a stable population but areas within the metro area may have a declining population or declining income.The major employers are in market segments which have proven to perform in the past and are very likely to perform well in the future.

I have found that continuing my education allows me to recognize opportunities I would not have been aware of or known how to pursue.

I would be more conservative, I would target assets with lower price fluctuation, and I would primarily work with partners and larger syndications with proven track records.I would avoid flips, distressed assets, and being the first in on a deal or startup concept.

This agent has no reason to send you a deal over the four he is already working with (assuming his current clients are proven buyers).  

They said during this three day seminar, they would show us a proven methods of operating (Flipping, wholesaling, by & hold, etc) that would generate profits.

Hello BP Members!  I currently own a duplex (owner occupied) in Worthington, OH and also a SFR in the Cincinnati area.  There is probably some super genius who is able to point me in the direction of how to get financ...

I would run far from anyone who says they will loan you money especially that much without you paying at least 10% down.I deal either multiple hard money lenders and they all loan conservative amounts of money until you've proven yourself to them.