Had to remove the link ;)**@Nitin Dhiman You are fine in terms of occupancy, as the property has been held as an investment for years and your intent to use it as a rental and not a primary residence is clear.However, I would second what @Dave Foster mentioned about the various requirements of a 1031 (and he would know what he's talking about!).

Having done so, I'm glad I did, as I can think of lots of lost opportunities to stand out that I've missed by not thinking in terms of immediacy.

In terms of umbrella insurance, it is different for your own personal home vs the rental. 

In addition to GC being able to procure and complete the remodeling work, there has to be a good match in terms of GC's understanding your vision for the project, the flow of the design, the quality of finishes you are going for.

You are definitely more correct in terms of the lack of comparison of asset management fees, sponsor fees etc.

I think in terms of percent of gross rents, but better to think in terms of per door or per door+bathroom.So, on a 2bd/2ba that rents for $1900, that comes to $300/m.  

I've been looking around different sites and listings and find that these no viewings sold "as is" properties offer the best "discount" so to speak in terms of market value of similar properties.

Hey folks,I got a deal thats looks pretty good in terms of numbers.

I don't have MFRs but I do have all out-of-state SFRs and it's the same idea in terms of how to do it (assuming you are buying residential MFRs and not commercial). 

And it will open up more opportunities for you in terms of the price point. https://www.biggerpockets.com/forums/664/topics/36...