Investment Info:Small multi-family (2-4 units) buy & hold investment.

Investment Info:Single-family residence fix & flip investment.

Out-of-state investing: I’m comfortable being a remote investor.

One requirement for a 1031 exchange is that you intend to hold onto the property long-term for investment use; that's why fix-n-flips don't work.If you decide to do more of a BRRRR method and rent it out for a year, that would be fine because you have demonstrated that intent to hold onto the property for productive use.Occasionally, there's an investor who experiences a negative catalyst that would affect their long-term goals and end up prematurely selling despite their intent to hold.

I am getting into Real Estate investing but am a rookie looking to connect, learn, network, and pick up any lessons along the way. 

It would be prudent for the bank, as the new property owner, to consult with local legal counsel in Birmingham, Alabama, to determine the most appropriate and legally sound procedure for removing the prior owners, which may still involve initiating an ejectment action through the courts, especially if the prior owners are not vacating voluntarily after the foreclosure.Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice.

Welcome, and best of luck in your investments. 

He has helped many real estate investors and really understands the niches in these areas for real estate investments.

Quote from @Shaun Ortiz: Hey BP Community,I'm curious to hear your insights on building a successful real estate investment team.

You can always transition this into a full time investment in 6-12 months if the equity is atleast 90% LTV.