I am based in Sacramento, California looking to start and pursue a career in real estate!

Also, I don't know if it would be worth it from a liability perspective either, but would advise to chat with an insurance pro/legal pro.When purchasing a primary residence, conventional loan guidelines will require you to take down the property in your personal name.When it comes to taxes, you'll likely be able to take the standard deduction AND itemize Interest, Taxes, Insurance, Depreciation, and expenses prorated based off the rented portion of the property when reporting the 1040 along with W2 income.

Typically speaking we leave out front/side exterior photos on every listing, regardless of grandeur.Years ago there was a rash of thefts in South Florida where people were finding houses based on map and exterior photos and breaking in when vacant and clearing them out. 

Since you're new to real estate (according to the title), you really don't have anything to base it on other than your own personal experiences staying elsewhere.

It will vary based on the lender's guidelines. 

I would base the decision off of how good the deal is from both an equity and cash-flow standpoint. 

Hi Jeff,Regarding the cash out refinance after an Exchange, you are going to get different opinions based on who you ask.

That’s the impression I got based on our conversation.

That's fun - two first time posters singing the praises of this program One of which, Nick, works for the company based on his LinkedIn profile. 

Also, I assume a 10% property management fee in my calculations and based on initial conversations.