Hello Melanie,I see that this post was from over a year ago, so perhaps your need for an agent has been satisfied.

(I am no way affiliated with them other than being a satisfied customer.)

Personally I havent really been able to find many places that satisfy the 1% rule (despite high rents).

Pick any number you will feel good with and manage to that number - - you will feel better and more satisfied with your REI.Look at all your negative cashflows and solve them or liquidate!

At that point you will have satisfied all of the requirements of your Section 1031.A Section 1031 requires planning, and understanding the rules.I hope this helps.Good Luck.Michael Lantrip

I just satisfied another 11 units, bringing me up to 19 'red' doors.I've pondered this as well.  

And taking your time rehabbing doesnt do anything, you need to occupy the property within 60 days of closing.Why not just buy it, move in, satisfy the occupancy requirements, then move out sometime in the future.

@Justin Michael Johnson Keep in mind that if you are going for some type of agency loan (Fannie Mae or Freedie Mac) , then they will have requirements that you have: 10% liquid funds of the overall purchase price, a net worth amount equal to the entire loan amount and experience in operating multifamily.As @Greg Dickerson recommended, you can bring on a partner to satisfy those requirements if you do not meet them yourself.

House hack this property for a minimum of 1 year to satisfy VA loan requirement.Rental income from the the 3 bedrooms: ~$2,250 ($750/room includes all utilities; potential for an extra $25 for a garage spot)While house hacking, save up a down payment to purchase a similar property using an FHA loan.ExpensesMortgage: ~2,400Utilities: ~150CapEx: 100 (Roof was done in 2012, water heater may last a few more years and is covered by warranty for first 13 months)Maintenance: 100Total: 2,750Current expenses from renting: ~1500Out of pocket: 500 (equaling 1000 saved per month)Home Inspection Call Outs-Main electrical panel does not have main disconnect (national violation) + exposed wiring in garage-Non fire rated plumbing going through garage firewall for laundry hook ups-Flat spot on roof that shows signs of standing water-Entry way is a trip hazard (hard to explain but will post picture below)-Possible rodent infestation in attic-Windows in 2 bedrooms violate fire egress code (sill is 4 feet high)-Closet doors in 2 bedrooms are oversized preventing full access (again hard to explain but will post picture below)-Backyard sliding door doesn't lock-1 bathroom shower diverter valve doesn't work (pretty cheap fix)-Attic insulation insufficientRepairs/Changes right away that I feel are necessary to make rent ready-Electrical Panel and exposed wiring-Closet Doors-Backyard sliding door-Rodents-Shared bathroom vanity to allow storage (currently a pedestal sink)-Master bathroom shower (for personal comfort.

Make friends, have a good network, keep your ear to the ground and talk to landlords/property owners and listen, read between the lines and when they seem to be dissatisfied with a property ask if they would sell, heck, if it sounds like they are satisfied, ask anyway!