My guess is in that price range and limited window, you will not make enough additional appreciation to make renting it out make sense, so unless you planned on keeping it forever as a rental you are probably best off selling and cashing out.

It makes sense to hire help to shorten tenant turnover time.  

AND they BOTH travel and together b/c they are buddies, so it just makes no sense.   

It all comes down to area and ROI as to if it makes sense or not but logistically it's a great idea.

Thanks for the advice Craig, this makes a lot of sense.

Hopefully they have that sense and the blame isn’t being deflected on other parties.

There are a few DSCR lenders that will allow you to operate a rent by the room strategy as long as the strategy makes sense, and no one related to you is one of the tenants.

Now let's say you put your own sweat equity into a home that needed some work (so not a new home), I would say a cash-out refinance may make more sense two years after purchase where you possibly could take out cash. 

I have seen instances where a 1031 exchange was not required such as1) The overall gain from the sale of the investment property was very small or even negative2) The taxpayer had enough passive loss carryforwards to offset the gain.A 1031 exchange is a very powerful tool put it has to make sense before going forward.

While there are plenty of lenders willing to work with new investors, remember that the deal must make sense.