The IRS does not care about the source of funds for the 1031 purchase. 

These can be a terrific source of knowledge.

Good Day,We are investors doing flipping n rental and are looking for proposals for licensed and insured contractors in the area of Clearwater, FL .We prefer to work in tradesmen and handymen instead of general contractors.The tradesmen we need are the following:o Drywall installerso General Handymano Painterso Floor installerso Kitchen▪ Kitchen remodeling company (they do it all)▪ kitchen installers (we source the materials they install)▪ Granite/Quartz installer (we source the materials they install)o Landscapero Plumbero Electrician● Pool -o Resurface steps since probably not replaceable-will find right subo Clean up the bottomo Filter housing & pump replacementIf you are interested please let us know your proposal and if have any contractors referrals that would be great¡¡Thanks in Advance,Have a great day

There's nothing worse than having an electrical issue thats sourced to a junction box buried behind sheetrock (which spiderwebs to 4 different rooms in the house).     2.)

It is a good source of capital generation, not necessarily long term wealth. 

People love to pick on "slum lords" or criticize landlords with low screening standards.

I wanted to know what you guys think would be the best way to source, vet, and ultimately find a good management team.

We would like to not have to rely on the two incomes we have as our only sources of income. 

You can also get recommendations to 506b sponsors locally in the Phoenix area from other investors, accountants, attorneys, and real estate brokers.With that all said, keep in mind the most critical variable in your experience as a passive investor will be the PEOPLE you are investing in, not just the deal you are investing in.

The timeline I set forth (“by the end of the year”) is an internal goal that we are using to motivate our team to go out and source deals, as opposed to getting stuck in analysis paralysis.