I've also polled several of the people in my network (contractors, flippers, wholesalers, brokers) asking what they are seeing.Below is my updated budget (padded) for Spring/Summer 2021. (1) Note that the 2020 numbers are a padded (I pad everything) high average of budgets pulled from 4 houses I flipped in the PNW in 2019-2020. (2) If the official numbers were below inflation, I used Inflation (Shadowstats.com). (3) The overall increase in price on my breakdown is close to the overall data I've found online, which makes me think I have a decent updated budget for eyeballing deals with. (4) To reiterate, the numbers I started with were unique to my situation in the PNW, so please don't take them as gospel for you!

My good friend had a unique and very uncool thing happen by a property manager he hired for his first rental/investment.

If you get a system/team in place you'll be fine, I'd just say make sure you are clear on your strategy and stay tight on your tenant screening criteria.Which neighborhood is the property in?

Regine was patient with me as I spent the evenings creating the systems for her to her job better, coaching her on the calls, and reviewing the leads she was getting.

I'm actively looking for a beach house to STR, and this and other articles about FEMA changing its rating system and therefore insurance rates in October has led me to steer clear of anything in a flood zone.  

Literally within those 3 different systems are a ton of the best schools in the entire country.

However, this situation is a bit unique as I went into this expecting a quick and light rehab, which is far from the case.

You could use a point system if you are choosing the best applicant. 

I can't think of a way for him to still leverage the 1031 exchange on the sale of Property B while doing seller financing (or otherwise me securing financing for the 2nd property with the limited available cash)My question is:Anyone have any unique or creative solutions for how to acquire both properties with the cash I have?

High velocity ductless system?