Colorful commentary, flippant statements, subjective opinions, and unsupported assertions are what seem to get people in trouble. 

Maybe there's an odd assertion that a 5+ unit property in San Diego for $1M (just assuming 25% down) is in a horrible area?  

Landlording is a people business and asserting yourself is the most important thing you must be able to do.

I find that younger investors are more assertive and looking for more immediate results (wholesaling and fix & flips,) while older investors are looking for more long term growth (buy and hold.)A "late bloomer" who is looking into retirement has purchased 21 houses as rentals in 11 months just this past year (she will be teaching and training with me how she has done it starting in January via FB Live.) 

I believe the example you gave doesn't assert what you think it does.3. 

C- you need to consider a host of other factors: tax implications, liability, qualifying for loans, property appreciation, etc. after you consider those, if RE still seems like an option, I'd look at possibly acquiring a quality assert in your local market of Denver.

Taz, I did not have the patience to cut and paste all the assertions you made.

A 1031 is possible, assuming you held the property for investment, but the IRS would assert you didn't hold it with the intention of investment, if it was a flip.I would be happy to answer any other questions you have, if you drop me a note.  

Sorry, but your assertions are not correct. (1) when I bought my 6-plex I was asked for the Pre-Approval Letter. 

@Gene Hacker I think that may have been true a few years ago but I'd have to challenge that assertion that going over budget or overprice.