You would need to do your homework on these options before proceeding.Securities, such as stocks, bond, mutual funds and REITS (except for upREITs) are specifically excluded from 1031 Exchange treatment.

FHA mortgages are about 3 1/2% down, so do the math for their down payment, and figure closing costs too.

Mixed properties could make a good investment but your own homework will tell you if that is the case with this property.

This is a great site for information and tools, look for as many resources as possible and practice doing math on your own.

If I did the math right that brings my ROI to 7.2%?

But, this is beside the point.I did my homework when hiring.

If you play for nickles and you've done your homework, you understand how the system works, your expected value is higher than what you put in.

For the 50% rule (again with some assumptions), Rent: $1250 (two units) 50% = $625 Financing $65000, 30 yr fix at 5% = $349 (rounded for easy math) Cashflow = $276/mo for both units Per unit, that is $138/mo.

I'd say, "let me do a little more homework, and I'll call you right back."

Researching home inspectors, real estate attorneys, contacting my CPA to see if he works with real estate investors or to point me to someone who does, and researching general contractors.I only have a few contacts as far as other real estate investors in the area so before I go and ask them for any suggestions I wanted to have my prior research done so they don't think I'm trying to take the easy road of just trying to use their contacts.So after hours of doing my homework, I decided to take a look at some listings in my target areas on some websites (Zillow, Trulia).