This is a deal where I might be able to trade out of a few SFRs where my basis is $120k and I'd be buying for just about land value with room for expansion.

., but require the higher risk trades like roofing, carpentry, to carry their own policy. 

I took three years after High School to trade stocks with my father with no raging success or failure, just b/e.

One month's vacancy, with associated turn over/repair costs will equal about 2 years or better of the "discount", a good trade off.

You do that by focusing on ROI and by not selling performing assets in A markets that will likely appreciate (both by market appreciation and rental appreciation), that provide positive cash flow and effectively paying for themselves.I'd advocate building a portfolio of more assets via leveraging or accumulating more cash, not trading one for another to squeeze out a one time (taxable) profit via flipping or chasing annual income yields (cap rates).my two cents....Hope this helps,A

I could go on about this for a while but the point is that as a member of this new generation, I agree that financial education seemed to slip off of most people's priorities and I see the consequence of this in many of my peers and I'm worried for our society in future generations of something doesn't change.

I'm not sold on the idea of trading my time for money until the day I die, so I'm pursuing buy and hold rentals as a means of achieving financial independence.

Hi Sheba,You have an interesting situation before you.  1031 exchanges are meant only for property where your intent has been to hold it for productive use in business trade or for investment.  

I think landlords who do this either keep a tight rein on their tenants and stay on top of it or they are ignorant about the consequences. 

Only those with such a low tolerance for risk and remain motionless, stuck in fear and doubt, will never benefit from the lessons.I'll bet you'd never trade that education for an e-book, would you?