To rehab/flip that isnt necessary.The other thing as alluded to is risk.

So, the real answer to "how to I have to payment if I don't have a tenant" is that you pay out of your reserves.

I'd agree that a fourplex, followed by a triplex, followed by a duplex with an FHA loan would be the perfect first property.Just about 2 months ago, I was ready to finally buy something after 4 years of wanting to. I

Since I use "Subject To" I didn't have loan origination fees (points) either.

I will be calling them today to see how he is feeling after being attacked by the wasps yesterday and to see if they are prepared to pursue an eviction process immediately, and I will help them through that process if the would like me to. I

These words translate to "I have a nosey neighbor who is not qualified nor interested in buying but has a free minute to look at properties."

No Realtors will agree or think a subject to is ok - however, my last few have come from wholesalers. 

So the ability to start, examine the market, attempt to make a good purchase but at the last minute decide not to is not a weakness of the 1031 it is a strength.But that being said it's a misconception that a lot of 1031s fail. 

The one item to pay attention to is to always try to work with contractors who are familiar with mobile home parks.

When I want to, I can sell one of the rentals that is paid off and get a lump sum payment and then if I need more money, sell another one.