I agree on the professional partnership with my parents and I’m looking to discuss more with them to find the right balance!

You know, proper upkeep.Best regards, Stevan

For investors focused on socially responsible projects, this balance can attract support from communities and municipalities.5.

If you've already reached that end - ie if $4 million is enough principal to create residual income that you won't outlive - then I don't see any good reason to be buying out-of-town properties that then have to be managed properly to preserve your investment. 

For instance, cities like Chicago are known for landlord-tenant laws that skew heavily in favor of tenants, and that risk should be baked into your underwriting.What’s your take on balancing short-term cash flow with long-term equity growth?

The hard and the fun part is training my team there in the proper processes from planting all the way through selling.  

AND The balance on one statement is < 100 and other not enough to cover the first months rent and deposit.

Keep in mind, though, if you just sell outright, you could be looking at capital gains and depreciation recapture, so it’s worth crunching the numbers with a proper tax professional (I’m not one, by the way).What do you think the rest of the community has seen happen to property values since last year, and do you believe it changes the 1031 conversation?

Take ownership of your mistake and learn to do the proper due diligence recommended above😊

When you analyze a market properly (1% Rules aren't properly), you're analyzing all the properties in that market at the same time.It's even more dangerous for newbies to use any Rule of thumb.Rules of thumb are nothing but shortcuts, which seems to be the growing method of doing anything now.