Just to make sure we’re both on the same page, I’m referring to the annualized total return that is included in the bigger pockets rental calculator — I wasn’t intending to compare RE to stocks, but maybe I’m missing something in your answer.  

Still lots of work to do on the house and the “book” I still have to figure out what to do for it (paper/digital/both), and a few more things I probably am not yet aware of … reading on this forum and asking questions sure has helped out a lot.

Second, its complicated and you should get a mentor to make sure you don't accidentally screw it up and possibly get sued. 

Just make sure you reach out after applying because they don't reach out to you very easily.  

This is an easy qualification on most old units because if you test them, they will almost for sure need abatement. 

Please review the entire build contract to make sure you understand each section.

I am pretty sure you can not do a 1031 and use the proceeds to do anything to a primary residence.

I'm sure some policies have all kinds of language in them, but if it guarantees me full replacement that is what I would expect otherwise my granite counters would be replaced with laminate and my tile and hardwood replaced with vinyl and the cheapest carpet.

You also have to make sure what you are offering is able to close and in a timely manner.  

If the interest rate is 6%, are you sure you can make above 6%?