Always talk to your CPA to see if you qualify.That said, the benefits are definitely worth it if you do.

I have been reading books on investing in multifamily and how to analyze and underwrite a property.

Specifically, I’m curious:Deal Analysis:- What's your process? 

So, what would I do?

Purchase price: $140,000 Cash invested: $140,000 Here are the pictures:https://www.redfin.com/IL/Kankakee/880-S-Foley-Ave-60901/home/63247747 What made you interested in investing in this type of deal?

With that being said, the trend is our friend and rates are moving in the right direction. 

He is an investor and also investor focused agent in your neck of the woods! 

I am a newbie real estate investor and I am doing a lot of the rehab myself and I was wondering what type of flooring long term rental investors use?

@Lavette Reid Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

So if you sold your new property for exactly what you paid for it two days after buying it you would still be paying the tax that you had deferred in the 1031.So, going from CA to CA doesn't benefit you.