I’ve done many 1031’s with this mindset - in one case moving from a 3-unit to a 10-unit to a Walgreens to two strip malls.  

(Max vacated rents - your monthly mortgage payment) = +/- net cashflow.On the other hand, you could also look into multifamily units where you can live one of the unit and rent out the other vacant units with as little as 5% down payment.

If you have multiple units, you need to prove one economic unit.

., "I will buy at least one single-family home, duplex, triplex, or fourplex before the end of 2019") and then do it.

It is so nice to have one trusted place to go for information, resources and advice.

In these markets, the quality of tenant is already lower to begin with, then you make it one step lower.

May need multiple coats and you will go through more paint.I would hire a professional and learn from them on the 1st one.

While I only have one LLC right now, I plan to expand to multiple LLCs (one for each property).Here’s where I need your help: How should I set up my account to reflect all the real estate activities like rental income, expenses, and distributions?

I’m always on the lookout for properties with potential, especially those mid-project or distressed ones that others might shy away from.

@Jay Ritchie if you need to do this near Berwyn I have an excellent plumber who did this for one of my listings.