Bought a rental property in LA County, CA back in April 2018.  Rented until Sept. 2018.  Hired contractor for renovation in May 2018. Due to unexpected increase in cost to complete renovation the renovation project wa...

I think "analysis paralysis" is the number one hurdle that most beginning investors have (fail) to get over. 

If the two parties do not treat it this way the one who 1031s is in jeopardy of having their 1031 look more like an exchange into personal use real estate and that could fail their exchange.Reporting that new property as a partnership will create a new taxpayer for the property and again the 1031 exchange would be invalid. 

In 2013, on my 6 duplexes (sold in 2014) I paid the following that year:$314 (3 beds), $547 (5 beds), $438 (6 beds), $396 (6 beds), $229 (3 beds) and $218 (3 beds)Every now and then some idiot will fail to alert you that his toilet keeps running all night and you do not find out uintil you get that quarterly bill.  

My goal is to protect my other assets and primary residence if the commercial failed or had issues.

So much, that we decided to go ahead and fix the foundation on that side.As luck would have it, the company we used repaired the foundation - they dug through several places in the floor to do it, then back filled the dirt, THEN they did the hydrostatic test, only to discover it failed.

You failed to mention how much equity you will have.

I was willing to jump in to my first deal because I understand that failing is inevitable and therefore a natural part of learning.I hope this helps!!!

Again, for an investment, I want to be sure i'm not walking into a money pit such as bad foundations, significant wood rot, a really failed septic, etc.Are you asking about a fixer-upper?

Yes, my     screening process failed!