I think I'm definitely going to take some more time to read, study and connect with people further along this road that we are before we pull the trigger on anything for sure!!!

I would give yourself a date to buy a property and then learn what you can before then and pull the trigger.

Not all investor lenders are OK with title in an LLC; buying with a conventional loan and then transferring title to your LLC can result in triggering the "infamous" due on sale clause.  

With an IRA (or IRA LLC), if you use financing to acquire property, there is unrelated debt financed income tax that gets triggered on the debt leveraged portion.

Bright lights dawn-to-dusk, motion detector to trigger alarm.

My question is how the basis for each of the 4 properties is determined in the 1031 Exchange.To simplify the math,  the original basis is 500K and Sale is > $1M with a net of $1M after costs of sale then the capital gain would be 500K assuming there is no capital improvements.If each replacement property is 250K then the basis would be evenly divided with  500K/4 = 125K each.Selling a 250K for the same price250K - 125K basis = 125K capital gain  Fed Tax 125K * 15% Depr recapture 125K * 25KBut if the new properties have different prices: 100K 200K 300K 400K totaling 1M then wouldn't the basis' be proportionally calculated:10% * 500k orig basis = 50K basis20% * 500K = 100K basis30% * 500K = 150K basis40% * 500K = 200K basisLikewise the sale of a property would trigger additional depreciation recapture tax rate at 25% of the proportional amount10% * 200k = 20K 20% * 200K = 40K 30% * 200K = 60K 40% * 200K = 80K So, if I sold the 300K house for 300K then the Fed Tax @15% would be300K sale -  200K basis   = 100K capital gain  * 15% = 15K Fed Tax80K Deprec Recapture * 25% =  20KTotal Tax 15K + 20K = 35KGross Profit = 100K - 35K = 65K  before State TaxesThanks, R

My guess is that sales in the 1-2 year future will trigger concern.  

A little about me, I'm a young professional working in the oil and gas industry for about 3 yrs. last year I gained interest in owning property to either buy/hold or rent out, however I never pulled the trigger because of my lack of knowledge in this business.

The biggest concerns/questions I'm having about pulling the trigger on any flip deals is "Will it sell?"

I have been saving up my cash reserves and researching this strategy for some time now, and am ready to pull the trigger.