primarily laundromat or dry cleaners or anything similar to that nature. do you only rent out the space or are active in the business yourself ?

The internal revenue code is often general is nature due to necessity. 

Won't be able to get 30 yr fixed conventional financing like natural persons can. 

"Investing" is passive by nature normally and it takes money / income to do it. 

It's also possible to buy a multifamily building, wait for natural tenant turnover, and then sell.I think the absolute best strategy for a starting investor is to househack a SFR or, more to my liking, a duplex.

I’ve been doing my value add rehabs during natural turnovers and even with existing tenants living there which is tricky but has worked well for me.

I've contacted a few broker groups, but naturally they don't want to disclose specific fees until I've passed the exam.If anyone wouldn't mind sharing some rough numbers, I would greatly appreciate it!

The properties you have with the least equity and highest profit/depreciation are the ones you would 1031 using the proceeds from the regular sales to supplement your 1031 purchase. 

—The term “Federally backed mortgageloan” includes any loan (other than temporary financing such as a construction loan) that—(A) is secured by a first or subordinate lien on residential real property (including individualunits of condominiums and cooperatives) designed principally for the occupancy of from 1 to 4families, including any such secured loan, the proceeds of which are used to prepay or pay off anexisting loan secured by the same property; and(B) is made in whole or in part, or insured, guaranteed, supplemented, or assisted in any way,by any officer or agency of the Federal Government or under or in connection with a housing orurban development program administered by the Secretary of Housing and Urban Development or ahousing or related program administered by any other such officer or agency, or is purchased orsecuritized by the Federal Home Loan Mortgage Corporation or the Federal National MortgageAssociation.(5) FEDERALLY BACKED MULTIFAMILY MORTGAGE LOAN.

@Neil Aggarwal If I can learn the competitive nature here and use it in my smaller market I’d hope I can learn more here and implement it in a smaller market.