Here's a fundamental explanation to get your juices flowing:Assume a house costs $200,000 and rents for $1,500.

When it comes to closing costs you can use the builder or the equity of the land in your favor to help with closing costs.

I wouldn't even consider this scenario if you have no business managing a flip, and you have never done renovation projects, as that is an arena where you need to have built experience and connections to just be OK.Let's consider that you decide to save just enough ($75k) and grab a $300k single-family rental with 20% cash down (plus closing costs) and you just rent it out (not owner-occupied) and you have limited reserves.  

My ex-husband and I split the kid costs.

This is in addition to cost savings.My thought coming in is that if I do want to eventually have my own team, wouldn't it be beneficial to get my hands dirty even though it is more work at the start. 

That will increase your cost quite a bit and might make the ROI untenable......?

This question becomes very important if your are financing any of the rehab costs.  4. 

Generally will cost you about one month's rent, and some of that amount may get paid from your listing broker to the tenant's broker that brought the tenant resulting in a successful lease agreement (this benefits you because you are essentially offering financial compensation to other agents that represent who you need: tenants!)

Alvara handles it at a cost but still valid point as I do it myself like many others. 

You would need an exceptional grasp on what the 1031 will cost and the amounts you’re dealing with on the replacement and relinquished properties.- REI CPA in CA