We talked a bit about my background as an investor and landlord and, as I said above, she sold it in less than a week.

This is HUGE in Ontario because the RTA is brutally anti-landlord.

Secondly, the property has a pool that would be shared by both tenants.

What you need to do is work with a Mortgage Broker who is also an experienced Investor, Landlord and who also has good credit.  

If person A owns and property and person B owns a separate property can they both elect to do a 1031 exchange and pool the funds together to buy an apartment complex as partners?

Obviously you are in it to make money, but is there a criteria that landlords try to live by if they don't have outright cash to purchase.      

;<) If you intend to invest locally I highly recommend the Washington Landlords Association.

Hello everyone,I'm a new landlord as I got two SFH's in 2017, the first in January and the 2nd in December.

If landlord it can be as high as 60% costs.107,100 a year X .50 = 53,550If you pay 500,000 + 30k in closing costs + 100,000 in repairs  then at 630,00053,550 expected NOI / 630,000 = 8.5 cap rate to cost-------------------107,100 a year X .40% ( 60% costs - landlord paid utility such as water) = 42,840 NOI42,840 expected NOI / 630,000 = 6.7 cap rate to costYou need to find out what average rents are in the market and what average cap rates are for sales.

Burnt out landlords are another route as well as probates.