TIC or DST) properties as your 2nd or 3rd choice while you're looking around for your ideal replacement property.

You could spend many thousands of dollars before you find a deal.There are some experts on direct mail here on BP and many threads about it. when you buy mailings lists there are many choices so just chose different criteria.

Within 30 days you can generally get all reports back and work through all seller due diligence material items and receive a loan commitment from the lender and a rate lock.The LOI part is so that my buyers hopefully limit upfront money spent and do not jump into deal after deal spending thousands to tens of thousands with an attorney negotiating PSA's and ordering reports to not close on a property.This is even more important with 1031 exchange buyers as you do not want to set a selection only to find out a massive problem and you now just have 2 choices left as all 3 choices are locked in after the 45 day ID period.

It sounds like the Cleveland area one off BP is the better of the choices.

Just add that clause to the purchase agreement of your choice.

@Mike Sivert welcome to BP, great place to find mutually beneficial partnerships.

Your general description would be met on the West and South sides of town outside of I 465among other choices.

With investment properties when you buy can be a big issue however a personal home is not considered a investment, it is actually a liability in many ways, it is a lifestyle choice so it really doesn't matter when you buy.

* Use your resources wisely.Your broker is your go-to person for most decisions, but it's still important that you learn enough about real estate investing to make smart choices on your own from time to time.

@Eric Slater - The official term for SEC is the "housing choice voucher" program.