That is my personal thought process, if I sell an asset for 60k of profits, I have a plan for that to roll the profits into an investment that makes me more money than the previous asset.

It's was a rolling trash dumpster, and that's how she lived.

The damn window wont even roll up. 

The LLC as beneficiary is would still allow for the shelter under Wyoming law that prevents the asset from being ceased as part of a law suit.

It allows you to roll in all the renovations. 

My #1 piece of advice is to buy something, just to get the ball rolling and learn.Be smart about it obviously, but don't be one of the lurkers who we see years later who still hasn't bought anything.Experience is worth it's weight in gold.

Once you get the ball rolling and meet people, you'll have local, real, experience and successful people in your network who want to help you for free, just buy them a cup of coffee, it'll save you $25k.

@Kristen Chapin A lot of great programs have rolled out to serve STR investors. 

Do I just roll everything into a 1031 exchange or should I pull some money, pay the capital gains and use it to get started with BRRRR?  

And secondly is it possible to do a 1031 exchange it if I want to roll into a bigger park, or even an apartment complex?