Dawave, your exit strategy is always the most important aspect of a deal.

Dealing with maintenance issues in a timely manner is always important.

Basically what it said though is that the important thing is to run the numbers; if the numbers work at 70%, 75%, 80% or whatever, then go with it.

Although with the prices you can get full color glossy postcards printed for these days, I might try that in the near future.Market: This is probably the most important component.

I would like to put in a graduated purchase price depending on how long it takes to exercise but he's not going for that.(2) Sub-market monthly rent (low monthly is very important to him).Any thoughts on how to structure while meeting both of our goals?

A normal mind is not necessarily in need of all the details that your mind thinks are important to understand, and when it is time for a normal mind to make a large decision (selling a house) it has to find peace through its choosen avenue and not necessarily through yours.

The team should at least consist of a professional attorney, accountant, broker, escrow officer and Qualified Intermediary who are experts in the areas in which the Investor is working.It is extremely important for Investors to consult with their legal, tax and financial team before entering into any tax-deferred like-kind exchange.

I think it is very important to find a mentor that understand investing.

this then becomes an important piece when evaluating and pricing the property before you purchase.hope this makes sense.

Jimmy,definitely, it doesn't matter if you have a property worth 230,000 and you're buying it for a dollar...well maybe not that far below market :D - but what makes a property a good prospect is if it matches your EXIT STRATEGYthis is made up of many different factors.Your exit strategy (or goal of purchase) is the most important aspect for your investment approach because it establishes your boundries and lets you know exactly where you stand and where you want to go!