I´m 25 years old, originally from Mexico City, but living in Columbus Ohio since 2016 due to a job relocation.I have a bachelor's degree in systems engineering and a MBA.Currently working a full time job on a supply chain company in Columbus, Ohio.Actively looking to learn and start investing on Real Estate in order to get an early retirement (stop working for a company and spend my time and money on my own business).I have very basic real estate experience at the moment.I guess as many of you I started a couple of years ago with "Rich dad poor dad" and from there I have been trying to run out from the rat race.On November 2016 I attended one of this guru weekend workshops and taking out the fact that they try to sell you a "magic formula" to get rich with just little effort and paying them 50K, I think it was a good introduction to what real estate investing is, get to know some vocabulary and a better idea of how the business works.After attending to the workshop I decided to research a little bit more about RE and I found this awesome site called BiggerPockets, in which I have found a lot of interesting forums, webinars and podcasts.My real estate goals at the moment look like these...2017 - Learn as much as possible about real estate market on my area, raising money and exit strategies.2018 - Have a detalied real state business plan and do my first investment.2019 and beyond - Spend a big amount of time and money working to get a monthly income of 5K on real estate investments.I´m currently looking for a mentor to guide my real estate experience on the greater Columbus area.My main interest at the moment is the buy and hold strategy, so most likely I would like to connect with people already making some money of rental properties, but I´m always open to learn different strategies.In reward, my mentor will get my commitment of about 10 to 15 hours a week of hard work on helping get and analyze deals by performing some time consuming tasks that could be delegated to me so I can learn about the business while I help someone else grow your business.

Option 1: Do I take all of my excess cash flow (which I don't need) and pay down the debt as fast as possible - with the intention of refinancing, using the proceeds to purchase other income properties.Option 2: Save all of my cash flow to combine with my other savings to fund another down payment and just do this as quickly as possible (while still keeping a reserve for disaster etc..) 

The Home Must Be Owned for a Total of at Least Two Years During the Five-Year Period Leading Up to the SaleIn order to legally shelter the proceeds received from the sale of one’s home, a taxpayer must own the home for an aggregate of two years prior to the sale.

Rent increases every year are capped by consumer price index.

I don't mind being present during showings to vet the prospect because the time consumed is considerably a lot and only a few will actually be really interested.

More accurate question is:  "Will this offer amount result in the net proceeds at closing required by the lender?"  

Denial  there was 60k of code violations as well I could have got those negotiated down to 10k or so.. but the seller would not cooperate so that money came out of her proceeds as well.. 

I have two questions:1) Could he use a 1031 exchange to sell this single family rental home and use the proceeds from it to purchase modular rental units (Honomobo) that he would place on property that I own?

Some of the best properties are sold before the new inventory even posts to consumer sites.Good luck!

However, if that area is being passed over for other more progressive and upwardly mobile (pun intended) areas I'd proceed with extreme caution unless you want to end up being a slum lord.There's an age old adage in this industry, "The higher the rent the lower the value of the home goes".