Thanks @Brian Schmelzlen - I am checking into 1031 exchange details now (had never heard of that - thank you for sharing!). 

Wow, thank you, thank you, thank you @Natalie Kolodij @Caleb Heimsoth @Scott Wolf @Wayne Brooks@Bjorn Ahlblad and a very special thank you to @Dave Foster for answering in detail all my pesky questions.To answer some of your questions @Natalie Kolodij:I still have to calculate the exact amount of the renovation costs, but I am pretty sure it would be around 70K and some of has probably already been deducted from my taxes because I forgot to mention that I bought my property under a  sole proprietorship LLCI could buy a multi family out of state but I would need to hire a management companyI part time occupied part of the two family but not as my primary home just as a vacation homeThe 2 family was an investment propertyFor @Dave Foster:is it better to hire a 1031exchange intermediary from the area where the property that will be sold is, or could I work with you even if you are based in Florida?

I am a new investor looking to get started and read about three companies that are turnkey and talked to all three and having paralysis by analysis.

Plenty of folks on here like to help with analysis, so once you have more details to share, you may get some helpful advice to help you with your decision.

It depends on what you are looking for, if you don't want an agent to do any analysis or deep digging to find properties, your friends are probably capable of handling all the paperwork in a transaction just fine. 

Appreciate the detailed comment!

Hi, What does everyone do in the calculators for PM fees, CapX fees, Maintenance etc?I'm familiar with all of these but curious what others are using for default rough percentages/numbers to analyze deals?Do you all i...

They were planning on selling retail, but I found them first and we've started to talk in greater detail.

Can you share Saba’s details by DM me?

To say paralysis of the analysis here, would be an understatement for myself.