Hi BP'ers,I have made my first foray into the world and spoken to a seller on a property  I am looking for Buy & Hold Cash flow- below are the basic stats,; any advice, thoughts are appreciated- what questions should I ask before paying for an inspection, has anyone invested in this area- Newark, NJ?  

From what I understand the two basic requirements for a 1031 exchange are the following:1.

I have learned how to make basic adjustments to my site and don't worry about all of the lead tracking stuff.  

HOWEVER one is part of some rehab program and I couldnt even find a bed in there.. he hasnt trashed the place but I basically came in he had no shirt on, skinny as hell and seemed like he was seeing stars.

Think of the depreciation deduction as basically an interest free loan, a little better or worse depending on your tax rate while it's deducted.

The size of the home would only be around 1600 sq ft. and I am looking at going with a basic rectangular shape. 

Tit for tat basically.

Rents out 3 bedrooms to roommates and basically lives for free.  

This basically mean that, the business is ran by all of the members.

I use it like a favorites button basically.