Below are a few important real estate goals of mine , To become financially freeTo work 20 hours a weekTo take the burden of property ownership off the owners shoulders in exchange for cash. 

Buy and hold gives cash flow, tax benefits, and appreciation which can be leveraged into tax free exchanges.

Thank you all for the exchange of ideas and discussion as they are very helpful.

This is the reason you can’t buy a 1031 exchange replacement property from a relative. 

You'll want to clearly document the exchange of shares etc.

We invested recently into DST-s as part of 1031 exchange.

California will charge you ~$800 for each LLC, I hear even if outside the state.Meanwhile, it’s best to have the LLC registered, whether domestically or as a foreign entity, in the state you are doing business.

I decided to sell with the increase in property value and did a 1031 exchange to purchase a chalet in Gatlinburg.

Whether I decide to grind out my MBA in 4 years (summers included) and take on 30-50k of debt, in exchange for the opportunity to get a decent paying job out of college, or call it quits after one year with no student loans, and get a job for lower pay, without that college degree, (at a RE company), could impact the amount of my own money I have to invest with.

We hired him to draft a contract between us and subject to quit claim "giver" when we obtained a property in exchange for the commitment to pay off the existing mortgage.