Anything secured against the property will be paid off (it may be a partial pay off depending on negotiations with your lender) but you will still have the responsibility to not only use all of the cash in the next purchase but also to purchase at least as much as you sell.So, if you've had to make a partial payoff to sell the property you'll either have to replace the debt or bring in cash from somewhere else to meet your 1031 requirements.

Just the design phase, drawings,engineering, permits, etc is going to be 10-20k depending on the scope.

The only problem was, that renewing cost was double and depending on your plan, they also charged me $100 for every service call.

However, if you are talking California almost anywhere in California this should prove to be a profitable strategy but it also depends, not in the middle of the desert for example or in depressed areas, war zones would also be obviously out as well.

Depends on the price and location.Market is hot doesn't mean it's hot to rent anything: after schools are in, very seldom people are moving.Here is the best time to rent anything: May through August After Labor Day it's quiet ps what means self Showing?

It just depends on what you can, and what you can't do.

I think it all depends on your risk management strategy, your goals, and current need. 

You'll easily spend $3-8/unit to buy and install mini splits, depending on the size/layouts of the apartments.

If someone has been taking care of it and try to claim it you will have to deal with the legal process of redemption or try to foreclose on it (this all depends on NY state law regarding tax liens)

@Leroy Feireira-shearin wholesaling can be challenging but that depends on how serious you are.