I have PM'd everyone who has reached out and am looking forward to my visit.

I actually visited the bar this afternoon and was surprised how nice it was. 

I like that you said it takes more than finding a distressed property because we’ve found a few and we’re hoping to contact the owners pretty soon but now that you said it must generate interest buyers we will hold off for a second.

I've used round numbers to make things easier.purchase price: 100,000closing costs: 5,000down payment: 20,000mortgage: 80,000rent: 1250   <----- must rent for this amount to make the numbers workvacancy @ 10% = 125property management @ 10% = 125repairs @ 5% = 63capex @ 8% = 100taxes @ ~ 1.38% = 137insurance @ 65/moP&I 430/mocash flow after all expenses = 205/mo = 10% COCDoes anyone have any opinions?

In order to defer all tax you must purchase at least as much as you sell.

There must be 10 different condo building presently being built within a 1/2 mile radius of my work. 

DelaneySorry the sale of your 1031 property must be used to purchase new real estate.  

It seems it must be a loan of $1mm+. 

They must have been highly interested ! 

If not then it’s actually too late to do an exchange if you closed your sale.In order to defer all tax in a 1031 exchange you must do two things.