And once you change to a new market, you throw all that out and have to rebuild it.I love expensive markets.  

I still have one house with some existing K&T.

Thank you Eric.In addition to the rental properties, my wife and I have a paid off house, paid off car, and about $1.4m in retirement accounts, brokerages, and savings.We live in a HCOL area and our expenses are $9.5k per month even though we live pretty modestly.I set out initially to have real estate pay for at least some of my expenses in order to give me more freedom and financial security.Is your wife quitting too? 

Buying a new primary residence has nothing to do with the capital gains exclusion.It is when you go to sell the new house down the line you'll run into a problem.

I first started out in Real Estate by house hacking in college. 

My electrician insisted in rewiring my house without ripping out the existing drywall.

Working with the city to find a solution.There is a similar situation near me where an investor bought a short term rental house, rehabbed it, ran it for a while, and then got in trouble with the town after a neighbor complained and the town said short term rentals weren't allowed in the community. 

Parts of Garden City Beach are prone to flooding, so if you're buying a single-family house you'd definitely want Flood insurance. 

With its strong demand for housing and rapid growth in various neighborhoods, you’ll find plenty of opportunities.

They are investing in infrastructure, housing, public safety and taking the steps they need to take to attract more jobs.