With that being said, to make a competitive offer, you basically have to leave yourself no outs on the contract.

The tenants don't have any formal lease and are basically month to month.

I personally find these to be incredibly helpful from a learning perspective and tremendously motivating to get out there and make something happen.If this sounds interesting, leave some basic info below about your deal and I'll send you a PM to follow up.

Basically, I like this new, LEED home concept and I certainly want to buy to have a decent chance of appreciation.

Or do I basically need to resign myself to being patient and saving more?

I told my wife today that we basically spent the last 6 months drinking from a fire hose.

If you have had these properties for many years, then a 1031 might make sense, but then you have the ownership issue to deal with; 1031 exchange rules basically require the owner of the replacement property to be the same as the owner of the relinquished property.

These aspects are covered in basic RE business considerations, often missed as investors don't start out understanding the bigger picture of social and economic factors that effect properties or areas.Biggest thing is to keep marketability in mind at all times.

If you acquired all cash you would earn a higher return but if it's not possible to go in with no debt then the deal deserves extra scrutiny because your margin of safety would be thinner.

Basically breaks down to $.50 per sq ft per month.Location and price doesn't matter.