As for Groundfloor, we would probably need to grow the company by 10X or more in order to achieve an exit via an acquisition, and probably by 50X or more in order to list our shares successfully on a public exchange (via an IPO).

Just don't go buying in the rural parts of the state and you'll be fine.If anything, higher average income paired with increasing desire to rent is a recipe for a successful buy and hold.Taxes will be paid for by the remnant rent.

But to me the best way to find a great successful commercial project is to build one.

Anyone have success/pain points in Compton that can share?

it works.. you put up 2500.00 deposit to bid.. if you are the successful bidder EM is usually 3 to 10k per property.. then its a normal escrow.although sales are as is.. so make sure before you put up your EM and bid deposit that your sure you want to buy it.I would say 95%of the deals are pretty much retail.. and about 5% are decent deals .. so you really have to watch it and scour the site to make a decent score.

I haven't been very successful finding good prospects, I even had to evict my recent tenant.We're not getting a lot of applicants, and the few who apply have really bad credit scores.

Again, I have done 3 of these deals before and repositioned successfully!

I've already gathered a list of regional banks and am ready to call their lending departments but I thought before I do I might as well see if anyone on BP has a reference that they have worked with before with success.

I would rather have the option to quit my job based on my success in RE, if that makes sense.

aren't the 1031 guidelines focused on intent vs hard timelines... and wouldn't he have to show he tried to make it a successful rental but for reasons it didn't work and then can convert to primary?