If you're looking to avoid a rather large tax hit, a 1031 is probably your best bet.  

LTRs require finding tenants much less often, but they also have a large pool of possible residents that understand the process and a large buffet of online places to source them.

Desstani,Having access to $150K is a large chunk of equity and it can be spread over 2-3 properties. 

I'm currently working on scaling up quickly through purchasing large SFR portfolios and/or apartments, and I'm in preliminary talks with a few sellers willing to carry back a seller 2nd note of 20-30% (i.e. the down payment).I'm looking for a lender that will move forward in financing the initial 70-80%, in 1st position, alongside a seller 2nd of the remaining 20-30%, totaling 100% CLTV.

Washington inherited two large estates; the first was the estate he got possession of when marrying Martha; however, unlike most husbands of that era he didn’t “consume” the ownership of Martha’s estate into his own; he operated it in a “trust” capacity for the benefit of Martha and her daughter by a previous marriage.  

With all the headlines showing large apartment buildings selling at 30% to 40% less than a few years ago I thought the same would hold for the small apartment market.

I typically don't recommend what you are doing until you have a large enough portfolio.

Our dilemma is who to rent it out to...The most serious party is a very large family, 3 adult couples and 4 kids.

I will be doing a pretty large renovation in one of the units, and mostly cosmetic reno in another unit, so i'm wondering what the best way to go about dealing with any potential lead issues in this case.

This price growth is largely driven by continued low inventory levels, which have kept competition high among buyers, even as average days on market have increased to 36 days​(Nest Realty)​(Garretts Realty).In Southern Indiana, activity is up with new listings growing by 8.2%, though sales have seen slight declines.