I told him I could list his home or if he preferref I could buy it cash and close quickly for wholesale pirce.

When interest rates go down, there will be 5 million more buyers into the market and prices will go up so buying with rates now is not a detriment as long as they come down at some point and you can refinance, but you should be looking for something that makes sense at these rates.

Of course site specific details could change my take above, but based on what you shared you need to buy a SFR in the two allowable areas above in order to obtain a STR permit. 

Hello, I am new to the real estate market but I am looking to buy some properties and I am wondering how I can find the contact information such as phone number and email addresses of the owners.

@Gabriella NataldieWith $10k in savings and $8k in hospital bills I would not be buying a multifamily propertyA roof, hvac system or major repair would wipe out that $10k.Closing costs alone on the property would be more than $10k.While it’s awesome to be ambitious, I recommend focusing on saving $ and building up enough capital so you can comfortably afford to buy a property

I’ve never done a 1031 before and every Google search along the lines of “retroactive 1031 exchange” is about reversing the sale of a house you just bought, via a 1031.I’m talking about buying a house weeks before your old rental sells, and somehow having that whole transaction fit under one 1031 exchange.Last thing I would want to do is pay pay the new property’s downpayment in cash, and then turn around and find out it doesn’t qualify for a 1031 since I bought it before selling the first house, and then also having to go buy another house with the 1031 funds, and never recoup my own cash I used on the new rental.Hope that makes sense, I will be happy to clarify if it doesn’t.

You can sell that property as the trust and buy as yourself or as a "disregarded LLC"(an LLC that you are the only member of and that also does not file it's own tax return.In a 1031 exchange, the taxpayer for the old property must be the tax payer for the new property. 

I am buying my neighbor house in California under a new land trust name which owned by my LLC.

I am about to buy my first rental in Baltimore metro area. 

Buying for $140,000 and selling for $163,000 offered a solid return.