So: 1) 1200$ mortgage payment 2 ) extra 100$ a month cause we are loosing homestead exemption (from 1400$ going up to 2600$)3) Aditional 50$ for rental insurance a month4) Property management 10% of 1600$ of expected rental amount = 160$MATH IS : 1600-1200-100-50-160=90$I know, i may loose money at the end of the year after repairs...But my view is to gain equity and market value gain,,, looking as a saving account/ retirement.Option 2 is to sell it and profit 30k and maybe reinvest in a better rental oportunity.Thanks for y'all answers.

It sounds like we could loose everything with the wrong investment and that there are a lot of fees involved that could offset any tax benefit from the 1031.  

It was loose at the wall connection and loose at the cable box. 

By midnight, If the seller has not respond to it, will the buyer loose the property?

Problem is they could decide to Terminate/ Evict and this person might loose all her belongings.

In CA, most cases you're lucky if you break even or generate a few hundred bucks per door, that said appreciation is bound to happen as are rents increasing over time.

I would agree that living it up in college is fun, but don’t loose sight of your goals.

As a recent podcast mentioned "You can't really loose money in real estate".

To top it off, city inspectors in our area thought it would be a great time to cite property owners for minor exterior repairs like chipping paint and loose brick on exteriors.Like most landlords with a mid size portfolio, we do financial verification and background checks on all tenants. 

If you put a lump sum only in year one, you either loose many of the tax advantages of the life insurance, or your money will be "parked" in a temporary account to be transferred into the life insurance over a period of five to seven years, or the death benefit payed for will be way to high and your cash value will be extremely reduced.