From what I've learned after some reading and from listening to many episodes of the Bigger Pockets podcast, some of the keys to success in my current field - including an eye for location and rehab potential, the creation of "added value" and "competitive advantage" and, more than anything, the ability to build relationships - are important to real estate investing and I'm excited to employ them in this new arena.I'm thrilled to find BP and look forward to getting to know some of you!

There are few ways around this, including a job transfer of more than 50 or 100 miles (I can't remember exactly).You say you want to live in one side, it doesn't sound like you have any sneaky plans, but I wanted to share that it is mortgage fraud, which is a felony, if you say you're going to owner occupy but then don't.

Your total expenses should be around 50% of the gross rent not included debt service.

One person spoke about maybe including a car with the unit!

My clients know they are paying a fully disclosed 5% narkup which includes coordination of services, etc....

still have debt (including mortgage), but would love to start learning how to get ready for retirement.

That's 3 hot water heater, 3 roofs, 3 heating/cooling systems, 3 of everything... including 3 crappy tenants all somewhere far away. 

We're estimating the total cost of the project to be $350,000 which includes acquisition, rehab, and holding costs.

Or does it include wiring with an external tar impregnated cloth jacket as was used well into the 1960s: this wiring frequently has plastic insulators on the individual wires (which can become brittle) and/or paper sheathing within the outer jacket.

Additional info:primary 1031 exchange rules and requirements include: 1) same taxpayer: the taxpayer who sells is the taxpayer who buys, 2) property identification within 45 calendar days post closing of the first property, 3) purchase of the replacement property within 180 calendar days, 4) trading up: the price of the replacement property is equal to or greater than the old or relinquished property, 5) hold time supports the intent to hold for investment, and 6) related party transaction regulations.