@Chloe Salcedo investing in real estate is not a full-time job.

REI is full of surprises and they all require money.

Some, like the last one we got in place, used a drive by estimate of value rather than a full interior appraisal.  

You could do a full MTR during the period you're gone, but for me the best and easiest way to go would be to just rent the other rooms in the house as a LTR. 

Quote from @Bob Dole: All,Apologies for the newb question, but I just heard about cost segregation and have been reading up about it online.My understanding is this (and please correct me where I'm wrong):Pros: -accelerate depreciation, front load (vs. just a straight line over 39 years) -save money on taxes because of the depreciationCons: -if I sell the property, the recapture will be larger -not recommended if you flip propertiesSo hypothetical situation:-Majority of our income is W2 based, let's say it's $500k-Net income from commercial rental is $100k-Income from dividends and interests is $100k-Both of us are full time W2, so non-prof real estate (but this can change  -- please see below)So we're hypothetically grossing $700k a year. 

It seems to me that this book is a little outdated, however, still full of incredibly useful information.im sure finding networking groups in Las Vegas will be a fairly easy task.Thank you for the sugguestions!

The biggest detail is look for a nationwide bank that is full delegated with little to No overlays.

I'm in real estate full time so I'm happy to connect and help you get started.

Not saying anyone on BP would do that of course but you know real estate is full of shysters and plain old criminals. :)

And you are taxed on it.the easy answer to your situation is to complete the full 1031 exchange.