I am certainly more than willing to fix toilets or whatever else, or put in hands-on time during a rehab, but what I'm really interested in is learning the process of acquiring and managing a rehab.

Account Closed I appreciate the advice on the 1031 but I did discuss this with my father in law and he is not interested as he owns multiple properties free and clear already and does not want to acquire any more properties, tax liability or not.

What other financing are you using to acquire these properties?

Using the power of lease options and subject to's could really open up opportunities for my small business to acquire cash flow to help build my capital!

The only hiccup would be if you've taken a Section 121 exemption (the $250k CG write off described above) within the last two years or if you acquired the property through a 1031 exchange (meaning you bought it as an investment, then moved in to it, then rented it out again).

Use the smarts you have acquired and be deliberate and careful.

During that time, I created an acquisitions subsidiary which was responsible for all acquisition lead sourcing, underwriting, and negotiations and closed roughly $20mil in urban real estate, an affiliate title company which facilitated all acquisition, loan, and listing settlements, and customized a cloud-based system which eliminated spreadsheets and tracked the entire process of acquiring/developing/selling real estate. 

So paying off our primary residents wouldn't be nearly as advantageous from a tax write off nor a monthly cashflow perspective than would be paying off one of the rental properties (or acquiring another one).Hope that provides some additional perspective. 

I had acquired an existing long-term tenant when I bought the home, and just ended up selling it to the them. 

I was able to acquire quotes from 3 different companies in the area and will most likely be moving forward with Meternet once we get board approval.