And multi family is not out of the question at all.

After 5 years in the industry I was able to accumulate 7 multi-family buildings and went into Real Estate Investing full-time at the beginning of this year.Good luck and I would be happy to share some experience with you.

Additional info:primary 1031 exchange rules and requirements include: 1) same taxpayer: the taxpayer who sells is the taxpayer who buys, 2) property identification within 45 calendar days post closing of the first property, 3) purchase of the replacement property within 180 calendar days, 4) trading up: the price of the replacement property is equal to or greater than the old or relinquished property, 5) hold time supports the intent to hold for investment, and 6) related party transaction regulations. 

Our family owns and manages over 100 units (both residential and multi family) with properties in multiple LLc's and Trust's.

In the next few years, I hope to be able to start investing in real estate (buy and hold, multis), and in the next couple of year I will probably be purchasing a new personal residence.

Kinda bummed to find out I lost a multi-bid situation.This was only my 2nd time ever making an offer on a home. 

I'm on a fact finding mission to determine the best way to start a new company for short term rentals and trying to determine the best practices to do so.What is known thus far:- I have to have a RE license in order to manage properties for third parties when accepting commissions for bookings.

Can there PLEASE be an option to turn off the video ads on the forums?

I'm interested in multi-unit properties in the under 80k range.

@Kiersten Vance is an agent in OC and she is also a multi-family investor so she knows the ropes.