Basically I lock it up and have to buy it.2.

Earlier this summer, I attended a workshop at my parents' real estate office where they usually teach the basics of owning rental properties. 

That is the basic run down, I would suggest syncing up with a real estate knowledge accountant for your specific situation! 

[5]      When I read your post it looks like you want to possibly construct something, that may be a higher risk situation compared to purchasing something that is already there.[6]      How much money do you have to throw at this; Are you basically empty pockets or do you have a cash fund set aside for this?

There are several basic rules for a 1031 for identifying properties, timelines, and uses. 

Trust your gut - if basics aren’t shared, it’s a pass.

My pitch was simple: I want to keep doing the same basic plans over and over.

You've basically cut your housing cost in half, plus get some tax deductions and have an asset that will grow in value over the long run.Of course, you need to factor in potential vacancy, repairs, etc into that cashflow calculation.

I have a couple things to add to this thread, particularly the individual who claimed that it was all basically a facebook group.

Quote from @Andrew Steffens: I've seen stories on this topic before - I think it can basically be used a marketing gimmick.