Building positive relationships with tenants can increase their retention and reduce turnover, promoting consistent rental income.Consider FHA loans with lower down payment requirements if you're starting with limited capital.

Lehigh acres has no commercial areas and no infrastructure or very limited. it doesn't have public utilities it's private well and septic.

Currently in discussions with representatives from Realized1031.com, a start up that sets up DST portfolios for 1031 exchangers. 

Your basis is going to be set by what you paid for it and to be eligible for a 1031 has to be an investment property, not something bought to be resold. 

Would we owe less if we set up an LLC (s corp?)

I am looking to do something but a bit hesitant with the up front fees especially given the limited upside and risks involved in today's market. 

This is outside of the city limits, so it's unincorporated Pierce County, Washington State.

Hire a tax professional to help set everything up. 

@Jimmy Hung if you can find an insurance carrier to offer Agreed Value, you can insure for a lower limit without being penalized for underinsuring. 

I don’t recommend putting a time limit on when to buy, just evaluate each property and buy when the numbers make sense.