If you are selling for 1M after closing costs you could purchase two 500k properties in your exchange and own one cash and a mortgage on the second.

They would have got about 35k at closing.

If the property is close enough, you can also forego the property management and handle it yourself in the short term. 

You have to sell, you over leveraged, but the property has dropped in value, no lender will lend to you and you have to bring money into closing to sell the property, but you don’t have the money.

You and your legal, tax and financial advisors should review this transaction in greater detail, especially the PLRs, to ensure you understand the significant risks involved and are structuring the transaction as close as possible to the PLRs to mitigate some of the risks.

I closed a deal from a BP lead this year and paid for the whole trip.  

It is always nice to live close to your rental properties (although not absolutely necessary), and as a military guy you are able to choose where you retire to.

Although I conducted a basic septic inspection during the closing, and the system is in good working condition, it still failed the STR inspection.

Quote from @Zalman Schurder: Hey guys,I am closing on my first fix and flip in Tamarac Florida.I am renovating the entire home, adding a full bath, new floors, a new kitchen etc.Where can I find ideas for current designs, colors, flooring, paint, and kitchen layout.Any general advice of what to do or steer clear of?

Also, you won't be rushing at closing to hire your ongoing partners.If you ever want to chat about the Orlando/Disney market from the property management perspective, feel free to reach out!