Hello everyone, I recently found out about BP from watching videos about real-estate investing on YouTube.

For now, I would watch webinars pod costs and books.

@John Underwood i look forward to what you think after watching/listening to the podcastYou'' resonate, especially if you're booked up

But in those better areas most of the turnover costs is just tenant damage and wear and tear which you will have anyway.That style of floor plan could be under a hundred K to build but watch the quality.So unless your build quality is high to justify the high total cost why not buy existing and just move the lots at a profit?

Day to day management of properties isn't what excites me, but the idea of developing properties from a business (and creative side) and watching growth does.

I don't live nearby so I have neighbors who watch my property.

It's like comparing apples to oranges.

I would say to watch out for the trap of looking for the absolute cheapest property, and instead look for a nicer (but still affordable) area so your tenant quality will be higher and you will have more stable rent and property appreciation. 

The man who sold it to me, had been watching me for years and knew who I was, and was a productive member of the community, and admired things I had done.

There are no 1031 police, its how you treat the property in the future on your tax return to watch and a good CPA can keep in the clear.