If you want to do a 1031 you must purchase at least as much as you sell and use all the cash.

So knowing the building is a must!

Trading of a 5% for a 10% return has to be balanced against the hard and soft costs of travel to visit the property, no sweat equity, the use of a property manager, etc.

It's a power plant oil companies must have access to to operate?

Yes, with a VA loan or any type of owner-occupied loan, you must live in the property for at least the first year.

I love this thread, because some of the comments are only one step away from announcing a "new paradigm" or a "phase shift" in real estate, where - because of liquidity in the market, new discoveries of uranium in Russia, and theta divided by beta over alpha - it is impossible for real estate ever to down again, so we all must pile in before it's too late and we're priced out forever!!!!

the agreement must spell everything out... all responsibilities, who does what, what you're both contributing to the venture etc. make sure its in compliance with current state laws. get it notarized. get a separate bank account & EIN from the one you may already have. good solid friendship or not, business is a different world. kudos,Mary 

you need at least 3 of them that are interested and able to close on properties in that area if you intend on wholesaling it. as for fixing and flipping, the neighborhood must be in demand in order for it to flip within a reasonable time frame. the neighborhood has to be very marketable. 

@Aaron Howell  I must be plugging in numbers that are way to conservative.  

Based on the purchase price and rent, I have been assuming that this must be C type of area.