Rentometer has avg rents at only $1067/mo so I'm also not sure about paying that much for such little rent for a long-term hold perspective when from what little research I've done you can get more elsewhere for the same buy price - maybe someone looking to park money for tax purposes or an all-cash deal hoping for a big upside? 

My exit strategy is to hold the home 2-5 years and to purchase another home with the new equity I would have achieved by renting the bottom portion and with market appreciation.

You can use the 1031 to sell a larger unit that provides better cash flow while minimizing active management.You can either try to cluster those sales together so they close in a way that lets your replacement property be listed on each 45 day period and you close on it within 180 days of the first sale (the first exchange that will expire).Or you could do something like a reverse exchange where your Qi purchases the new property and holds it for you for up to 180 days while you sell all of your properties. 

Reason is if you hold for 3 to 5 years before selling you still have 10 to 12 year primary ease for your buyer on exit to get best rates and term.

Investment Info:Single-family residence buy & hold investment.

I recently left my tech job to focus on different aspects of real estate investing including flipping, long term holds and real estate affiliate marketing.

@Ross DenmanHi Ross, I would love to get a hold of that inspector for myself. 

At entry there is a multi-exit strategy and multi-hold strategy contingent planning well mapped out.

If I hold a 6% bond and the rate on new issues drops to 3%, then my bonds are worth more because they pay more than the new issues.

Sometimes, especially when the valve doesn't hold completely, a plumber might want to replace this valve when replacing the supply line.