Forget about the "dream" of easy money with Real Estate investing.

Every now and then a 1%+ property comes along, but it's extremely rare.And the reason for that is because the whole 1% Test, 2% Test / Score / Rule or whatever you want to call it is designed as a metric for the rest of the county where the median home value is half of what it is in California.

It's really easy to get creative just by listening to a week of podcasts!

Easy Chris LOL I am just writing what he is shopping for and no they're no in an LLC.

It's really easy. 

You may have a different benchmark there, but it is pretty easy to see if they owe way more than the home is worth.  

It is an easy read with lots of great information.   

They pay $300K for a 3bed where they are and rent for $2200/mo, we pay $65K for a quality B class property and rent for $850-995 with rehab complete and management in place to make it hands off and as easy as buying a mutual fund, with far better control and performance.  

Just be careful not to throw the baby out with the bath water and rule out good areas.

Additional info:primary 1031 exchange rules and requirements include: 1) same taxpayer: the taxpayer who sells is the taxpayer who buys, 2) property identification within 45 calendar days post closing of the first property, 3) purchase of the replacement property within 180 calendar days, 4) trading up: the price of the replacement property is equal to or greater than the old or relinquished property, 5) hold time supports the intent to hold for investment, and 6) related party transaction regulations.