But after running the numbers, I started looking at a BRRRR approach instead — finish the rehab, rent it through Section 8, stabilize it, then refinance and use that capital to acquire property #2. 

When acquiring multiple replacement properties, you'll need to balance the timeline against what's available on the market and do the best you can.The funds from selling the relinquished property must go directly from the closing escrow company to the 1031 exchange agent.

What is the cost to acquire the land?

I own 28 rental units in Columbus that I acquired primarily using the brrrr strategy. 

After establishing a service company in 2014 and acquiring a commercial headquarters, financial discipline has been a key focus.Investment Focus & StrategyThe current focus is on transitioning fully into real estate, seeking assets that align with the following criteria:Target: Value-Add opportunities where a background in construction and structural knowledge can contribute to property improvement and appreciation.Goal: Income-producing properties with a focus on sustainable cash flow.Approach: Interested in projects that may require addressing physical property needs, leveraging practical trade experience.Building ConnectionsBringing a blend of practical knowledge and business experience to the table.

Not so much.Then life (and opportunity) happened.We ended up buying a long-standing, beloved restaurant in our community and are now in the process of acquiring downtown property near where it used to operate.

For many investors, that lower barrier to entry makes it easier to acquire multiple units and build consistent income faster.A few things investors often focus on when going this route:1.

The vehicle is over 6000 pounds GVWR and will be used nearly entirely for business (going to current rental and searching for new properties to acquire)."

When you acquire your first 2-family, don't overlook cost segregation for the rental portion.

I’m a complete newbie but am looking to start acquiring 1-2 single family home properties a year to start renting.