I told my wife today that we basically spent the last 6 months drinking from a fire hose.

If you have had these properties for many years, then a 1031 might make sense, but then you have the ownership issue to deal with; 1031 exchange rules basically require the owner of the replacement property to be the same as the owner of the relinquished property.

These aspects are covered in basic RE business considerations, often missed as investors don't start out understanding the bigger picture of social and economic factors that effect properties or areas.Biggest thing is to keep marketability in mind at all times.

If you acquired all cash you would earn a higher return but if it's not possible to go in with no debt then the deal deserves extra scrutiny because your margin of safety would be thinner.

Basically breaks down to $.50 per sq ft per month.Location and price doesn't matter.

Start checking out the site, begin with the basics in RE and then to the niche strategies.

Basically my family and I are taking a "gap year" to decide what to do in the future as far as our profession.

So, I have a hard time understanding how it works with investors, I mean, what is the basic steps to pay them/pay them back ?

Maybe wrapping some insulation around the pump/lines (check with the installer for safety) might help.

So the book basically turns that way of thinking on it's head.