It can be difficult if you have s bad property manager though.

@John S LewisHi John.

I got attached to the 1920's home and the price so I bought it. 

@Dave Foster can walk your client thru it, he knows more about 1031’s than90% of CPA’s. 

@Thomas S. 

If you want to purchase an investment property with no money down, you would most likely need bank financing which may be 80%, and then bring an investor on to give the 20% (these %'s can change but this is to give you an idea.

You can check the property on the FEMA flood maps https://msc.fema.gov/portal/search and determine the base flood elevation.

. :)@Thomas S.

Thanks @Thomas S., you hit the nail on the head.

You asked if the #’s makes sense, and you need to be heeding the advice of these folks who are telling you no.