Lastly this is my first post here so apologies in advance if I posted this wrong or in the wrong place  House hacking is perhaps the best strategy to get started in real estate.

It’s a tough decision, but we’re adjusting our strategy to align with market conditions and our timeline.Having come from a corporate background, I’m used to doing these kinds of planning exercises.

If you're tax bill is $6-8k (minus the 1031 fees), surely you can make that up by taking multiple swings over a longer period of time.OR pursue some sort of owner occupied strategy with that cash if you can swing a live in flip or house hack.

Watch out for ordnances and HOAs with this strategy. 

What are some other emerging markets maybe with a bit lower to cost to entry for a BRRRR strategy?

Thanks (again) for sharing and being so forthcoming with your strategies!

Currently, I'm analyzing different markets to see which one will best match my strategy.

Next bad news is there is only 12 1/2 acres there, versus the 25 we bought.The surveyor the day before had gone to the land registry to get a map.Contacted the Buyer agent we use, and asked to make sure his group did the title search as noted before. 

If your parents do not have experience and you are eager to learn, you should come up with a strategy with your parents so that you can start managing the existing portfolio and finding a way to grow it.First and foremost I would maximize the property as much as possible now.How well is it maintained - any deferred maintenance? 

I love section 8 but it comes with positives and negatives just like any other strategy.