I originally intended to be quite active during this process, since I would like to transition into this field full-term.

We will have a representative from Auction.com come talk to us about what they do and what the process of buying from them is like.Here is a link to our Meetup Page: Tri-Cities Real Estate Investors GroupI see that you are a member of the group but i don't recall meeting you.

I (personally) and my clients use the 1031 process regularly and I definitely make it my business to understand the ins and outs, but I am a turnkey provider (and BP addict, clearly), not a 1031 pro ;) If you are considering selling soon, remember that a 1031 requires that you have a QI on your team before you get started, and there are plenty of timelines and rules to adhere to.

Do ya'll have any advice for a new investor regarding this process, what to look out for, what questions to ask?

If they don't want to leave then you need to be prepared for a 3 month eviction process and reserves to cover the expenses during that time. 

This is pretty big news in Florida because we have never had what they consider High Balance loans in Florida that are able to go through the easier process of a conventional underwrite.

I Love the midwest, would love to reach out and speak with you about the Dayton Market, and look into the lending and how that process is done.Thank you for the Welcome Cedrick McKinney

Congrats the numbers are solid get that thing sold and repeat the process!

Just as I would not expect an institutional investor to buy and manage homes, I don't think I'll be doing that with the SEP either.Here's my recommendation:Hands-of investmentf: Go with the SDIRAHands-on (or potentially hands-on): Go with a typical (non-IRA) process

If you allow the buyer to pay you over several years, instead of the whole amount right away - then you can spread your tax over several years and maybe even reduce it in the process.