One needs to be a broker (not  realtor) to PM other people properties due to equal housing laws.

The 3 of us are contributing equally to our first investment and are in the process of setting up our business LLC.

pageId=163079).14 day Notice to Pay or Vacate instead of the historical 3 Day Notice.Redefines “Rent”: Fees and Deposits may not count toward rent and therefore cannot be evicted for non-payment.Landlord required to accept 3 equal installments for Security deposit.Attorney’s fees, etc may only be collected on an evicted tenant only after proving they did not act in good faith instead of merely hardship....

-  Do you see an equal amount of upside in increasing income as you do in lowering expenses? 

They seem to be selling equally as the market is really getting tight. 

Purchase of 112k equals pretax of 10k gross gain.

For the $450 prop that would mean:$100k cash from the current prop + $100k new loan (replacing debt) + plus $250K out of pocket                   ORPay off the $100k loan,  use $100k cash from current prop + $350k out of pocket.Use your remaining cash (my math says $100-200k) as down payments on other cash flow properties (if your goals is to grow your portfolio quickly and let tenants pay off your loans, my strategy), or hang onto it until you have enough to buy another in cash (if you're more focused on maximizing per-unit income and minimizing risk, and don't' mind having capital tied up).If you keep using the 1031 process literally until you die (and remember you can leapfrog from one to several, from small to bigger, SFR to MFR etc), then you completely avoid all taxation and pass your properties on to your heirs with a stepped-up tax basis equal to their fair market value at the time of your death.

A title doesn't equal competance.

These same people drive nice cars with equally nice car payments.

Not all townships are equal down here.