A deal that size is certainly worth it if you can get a large enough return on your money, but HOAs eat profit for breakfast, although some investors make it work.

Almost a bed & breakfast.

I'd recommend attending the Friday morning RPOA breakfasts at Cheshire Kitchen, the free conference in February, or the Monday nights at Buffalo Wild Wings. 

Check out the local groups on Meet Up, there is a group that meets at a diner for a weekly breakfast.

Unless substantial service is provided, just as hotels or bed and breakfast, it still gets reported in schedule E. 

BNB is a bed and breakfast.

Look up Giedeon Blustein he is having a breakfast meet up soon. 

ICOR, John Fisher Breakfast Club, DREIA, Creative Lunch Real Estate Club, Bad *** Investors meeting. 

Once the construction project is complete, we would restore the property to its 1930s charm and use it as a bed and breakfast since there isn't anything like that in our town either.I know the 1031 wouldn't get us to a full down-payment on the larger home - we'd have to find additional capital - but it would put a dent in it.How early is *too* early to 1031 exchange into a larger property? 

In fact my wife & I had breakfast at Kalamatas this morning to finalize 2 deals, both in Lockport.