I am a firefighter paramedic by trade and finance and investment is all new to me.

There is that exception that you might find a team that accepts you on a small and I mean very small part but for your $100k trade off, might not be worth it. 

What you can do is manage the rehab and make investment decisions, but the extent of your involvement needs to end before you’re actually swinging a hammer.

The first hurdle for a 1031 is that it must be for trade or business or investment purposes.

I am thinking of trading it in for a $15K-20K car to put some cash in my pocket to start investing in real estate. 

I will then replace the swinging door to the fiat bedroom with a sliding door.

Also remember that CA is one of the most volatile real estate markets as the economy swings up and down.

Seller has to pay now for deferred maintenance in the form of a credit for decisions they made while owning the asset.Multifamily can be good but trading at crazy low cap rates.

I told him I didn't know but I would love to swing it.

I've watched, read, podcasted, and dreamed REI for years and am becoming familiar with much of it in theory -and in a previous life I spent several years working in the trades building spec to Street of Dreams homes in and around PDX- but as I prepare to finally take action I'm feeling the doubt, exposure, and butterflies more then I expected...