A 1031 allows you to defer all taxes until later buy buying an investment real estate property of equal or greater value.

For the good properties, most if not all of the work has already been done so you will have a high LTV as well.If you buy something in the middle, you will need a mortgage and then your excess cash will be put into roofs, and other deferred maintenance/CAPEX and you will not be able to scale as quickly.I'd be happy to talk if you are interested. 

Some of the things you will review once you have the deal under contract and are in your feasibility period are:  -Appraisal  -Environmental study  -Review zoning -Review lease(s) -Review tenant financials -Review tenant credit report -Call tenant references -Property inspection -Review title report -Review property taxes -Get your loan in order -Interview tenant(s)  -Review property expense / cap ex report (even if NNN)  -Consider all deferred maintenance (roof, HVAC, parking lot, etc)  -Review maintenance routines  -Consider your exit strategies  -Interview HOA, if applicable  -Study HOA financials, if applicable

Has anyone here executed a "Tax Deferred Cash Out" transaction? 

There could be deferred maintenance on the property that wouldn't be an issue with conventional financing but the FHA appraiser would want it fixed.

Vacancy and maintenance factors should be higher than for Class A as homes will be older, have more deferred maintenance and tenants will be harder on them.10) Class C can be relatively successful with a great PMC (do NOT hire the cheapest!)

Last year I was ok with that, now I have to pay an extra $400k for NO changes, same rent roll, deferred maintenenace and repairs?

A lot of Investorson BP recognize that they need something more than a trip to H&RBlock at the last minute.1] At the verybasic we want to use losses in the current tax year, and we want topostpone or defer capital gains.

Submarket will also dictate the tenant type you have and, typically, the quality of the property in regard to deferred maintenance and capex.  

The balance reported on the credit report may not include a deferred balance if there is one.