Most people in paralysis either haven't seen enough homes in person or are feeling uncertain about their financing vehicle or just don't know enough to be walking the plank yet.I don't agree that $250-$300 is great for your first deal based on how you described the house and being not in great shape, but also major issues resolved.

Costs vary a lot by area, so best to have it inspected and if there is a problem with it, find out replacement costs and ask the seller to pay for it.For use, it is similar to one connected to sewer (don't flush anything other than human waste and TP down the drain), but you need to be careful with chemicals that they use (eg no bleach) and have it pumped regularly (frequency depends on usage).

I’m looking at using a 1031 exchange as a vehicle to invest in auction sites.

Big overheard, a fleet of vehicles, marketing division, accounting division etc......But what they are really asking about is guys that do sub work for GC's like me.

I know people with hundreds of SFHs and that has worked for them and I know investors with only large multifamily.Looking in from the outside everything will sounds amazing STR this, storage that and in the end you need to figure out if you even like it and what you like about it and then scale.Life insurance can be a helpful vehicle but you really just need to make some good money in whatever you're doing and show a level of competency so that people will give you money to be an operator even if that person is yourself.

A real estate syndication structure is a must have component for these larger transactions.Real estate syndication structure is creating relationships between multiple investors who pool money together to fund a project (real estate or other investment vehicles).

. :)Now, if you have a specific question, like what risks are there in having a tenant in the wholesale chemical business, or an industrial laundry or a transmission overhaul shop, post them up.

From my little research so far it's part DMV vehicle abandoned process and part tenant eviction process.I'll update this thread as I go along...

The salt on the roads eating up vehicles is the only thing I hate about living here. 

To realize that generating mass amounts of wealth through this vehicle is a very real reality, lit a fire inside of me that was put out for quite some time.