You identify the property, get quotes from contractors to make repairs/upgrades, execute, the solidify the loan terms with the purchase + repairs all financed into a lump principal amount.

Have you identified said investment property?

75% to 90% occupancy would be wonderful... would definitely make our numbers work.We did use ABNB, VRBO and VH4R to identify comps.

Identify the handful of things you are really good at and see if you can help another investor who may not be so good at them. 

Bookkeeping is not a sexy topic to discuss, unless you're an accountant, but having great bookkeeping provides some huge benefits: Tracking Key Performance Indicators (KPIs) to boost profitability or keep more cash in your businessManage Cash AvailabilityRaise Capital Identify winning or losing properties Compare GrowthAudit ProtectionMaximizing Tax Deductions from your expensesPrepare Your Taxes (with a lower bill and less hassle)Reduces Stress & Anxiety about your business's performanceIf bookkeeping is causing you stress or your spending hours per month trying to update your books, just to have your CPA bill you for fixing them in tax season, it is time to outsource this function of your business!

Identify the individual circuits first, and determine what else is on the circuit, and what size breaker they have.

I did a 1031, 5 months ago,  and identified $800k worth of properties (200% rule) Looks like I am only going to be able to buy either $160k or $260k worth of the identified properties, not the required $400k-425kMy question is :  Does 1031 have any savings effect on my taxes when only buying $160k or $260k of properties? 

Just not for a few years since we’re tied to the area (hubs getting his phd from usc and switching online isn’t an option)…Well that will give you time to identify and scope out a few areas around the country.

I think you've already identified the errors you've made with this tenant.Because you are in a tough state and tough position, I really think you need the services of a good local real estate attorney to go over your lease and documentation and figure out your options, which have the best option of success at this point and have the fastest results.Beyond that, once you get the place empty again, you can learn the ropes to manage yourself properly or hire a property manager.

We are in a time crunch as 1031 property identify period is ending and we are loosing our current lease we live in.We sold a problem property and would see about 120k profit, so because sales tax would be significant we are doing 1031 exchange and putting the proceeds into this property then adding cash and buying it under LLC.