Congratulations on this first step.

He goes step by step and breaks down everything you need to know.  

then you will have the cash to complete the exchange.1031 exchanges are the tool to continue to defer the tax on your gain and to transition into passive assets until you pass the asset at death at a step up basis and the tax disappears for your heirs.Installment sales will allow you to slow down the recognition of gain but not defer indefinitely.It's difficult to mix the two but can be done with some sophisticated planning and some outside resources.

Never calculate hoping for appreciation - that's the cherry on top.The thing is, when we feel the squeeze in the RE strategy we practice, it is definitely time to step back and look at the bigger picture.

., First step - Day one of the exchange all of your proceeds are put into your exchange account because you cannot have actual or constructive receipt of the receipts. 

From reading here, I believe an LLC structure is the right next step (if I'm going to accept contributions from other FAF type investors), but where do you go for commercial insurance?

I think this is your best first step to building your team.Best of luck as you start out investing!

The laws here heavily favor the tenant and there are consequences for stepping out of bounds.

We are both super interested in realestate and believe house hacking to be the first best step to building a portfolio.We recently found a unique property.

Make sure you've got somebody who will check the numbers for you and that will be a able to step foot inside.