Be sure to team up with an agent that knows the area and also the investment strategies that are best for that area.

@Dallas Smith To defer capital gains on your investment property, a 1031 exchange is an effective strategy, but the replacement property must be held for investment purposes for at least two years.

A good tenant boils down to essentially three things:1.

While the borrowing costs are higher, I’m exploring strategies where the returns could offset this.

I did it a few times and used Section 8 as part of my strategy.

I don't believe "waiting it out" is an effective strategy.

Consult a CPA to ensure compliance with tax regulations and explore strategies that align with your goals, such as providing for your mom while managing tax implications effectively.This post does not create a CPA-Client relationship.

Most ideal would be seller financing, but open to creative strategies for a cash-flowing property. 

I think you should seriously consider your financial goals and strategies.