Potential Rush: If the injunction is lifted and the deadline is not delayed, there could be a mad rush to comply at the last minute.

They provide diversification and liquidity.1031 Exchange into Syndications or Passive Investments: This keeps you in real estate but shifts the burden of management to others while potentially preserving tax advantages.At the end of the day, peace of mind is priceless.

In fact, there may be other home service opportunities with quicker growth potential worth considering.Additionally, be aware that in Texas you’ll need a broker’s license, not just a real estate license, to operate a property management business.

I'm looking into possibly doing a 1031 or reverse 1031, have kind of identified potential markets. 

If a variance is needed, they're estimating 3-6 months, up to a year potentially. 

One of my recent failures was underestimating the importance of clarity in conversations with potential investors.

I think you can definitely run into a potential guest using that against you in the near future and opening the door for liability. 

Higher/lower potential?

Paying $700 a month out of pocket isn’t too bad considering you’re in a great area with high growth potential.

but, it's not going to be "profitable" for several years, depending on how you define profit.you'll have a down payment, then closing costs - which new investors always seem to be shocked by - then potentially some costs to get a property rent ready, then you'll pay a month's rent to get it listed and rented out, then you'll likely have some repairs after the tenant moves in.