Grant Cardone says:
There is a shortage of multifamily income property in the world today.
So owning that stuff is the right thing to do.
Right locations, avoid the cranes, you cannot build $1k/mo rents today in america it costs too much.
The new people is what changes the town.
My real estate is going to be around longer than facebook, twitter, crypto, ...
Are you paying to wait?
800-1200 rents survived the decline.
People traded in their houses to keep their visa cards.

Know:
  the locale to the 200' level.
  rents
  occupancy there
  expenses there
  know how a P&L works
  know what the rent can be there
  know the crime there
  know who's going to live there
  know your ideal client there

Grant Cardone: I would stay out of the rust belt, except core cities with population growth.
Put your 350 in, raise 650 from others, that's the equity, do a deal for $3M.
Don't buy your real estate on a budget.
On the 1031, the 6 months is the real date to know about.  So if you look for an accommodator, find someone accommodating.

Start an amateur, but become a professional.  All games reward the professionals and spank the amateurs.