I agree with @Ashish Acharya if you're interested in reinvesting the proceeds into another investment property and your goal is to minimize your tax liability a 1031 would work out well for you.

@Elizabeth LebIf you’re starting with $20,000, focus on defining your goals and exploring the best options for your situation.

The multi family niche makes this goal possible.Keep pushing.

We charge a transparent monthly fee for this and our digital property management platform - but we are not a local property manager.We also give owners the ability to use a repair triage service and our vendor network, or address repairs with their own handyman.Our goal is to make renting better for owners and residents.

Bank financing is very tough for anyone starting out so HML is generally ( unless you use your own cash or cash in your network) the only funding there is.. the goal has to be though moving towards bank financing so you get the best deal possible.. right now I am at 1/2 point and 7% and my bank pays for my appraisals.

Best thing to do is think about what you want, what your short term (5 year) and longer term goals are. 

There are so many strategies you can deploy depending on your goals going forward. 

My goal is to create generational wealth for my family and to eventually have the financial freedom to say "yes" to travel adventures as a family. 

@Casey Graham 1) Your #1 goal with tenants is consistently, smooth cashflow.

Our goal isn't to necessarily move