Ongoing construction projects valued between $26 billion and $30 billion fuel employment opportunities.

first thing one should do is figure out if they quality the 2  in  5 tax treatment and if the home has appreciated a ton like 250 to 500k which is very common in coastal markets and Denver for instance.. selling would be far smarter than renting. pocket the tax free and find another rental. turning it into a rental you lose that one time tax treatment which in my mind is the very best for real estate. 

Note, if your 401k is all with the same employer you have always had, and you are still working there, you likely can't move it.

Other people simply do things completely wrong and that "doing it wrong" is commonly labeled as "normal" or the norm.Listen to the data, leave emotion out of it, and crush it!

Therefore if you purchase in say September, your current years tax bill will be based on the current years value which may be even lower than what you can achieve with the exemption and on investments the value will be updated according to your ATI and will not be reassessed by the county for five years as well as once it is, the increase is capped to a 15% increase in value which is not common and can be appealed which is less often than many other states.Yes, the effective tax rate comes out to a difference of say 0.5% on personal residence to 3.0% on investments, but I would say handling it the right way up front and budgeting for it in your analysis is better than risking it another way.

Just wanted to let you know it is common to see big a jump in revenue year 2 if you are managing well.

But you need to learn all about landlord/tenant laws, how to do basic repairs, know what average labor and material costs are for common projects. learn about payment systems, how to interview property managers, tenants and handyman services, build a team of realtors, contractors, title, hard/private money lenders, inspectors, appraisers and soooo much more. 

This is common.

A common rule of thumb for Return on Equity (ROE) in real estate is to aim for 8-12% or higher.

Around $87k median income and high employment rates.