By househacking a multifamily, you'll gain the same acquisition experience as you would purchasing a condo/co-op.

@Samuel Diouf I appreciate the candid insights.

That said, check with a CPA if you can use expenses from the remodel to offset some of the gains.

Would like to sell and capture gained equity, also cash flow is not great and the house needs more work.

It'd be great to hear some real-world insights to help this group avoid potential pitfalls. 

I'd love to give you some insight into what the Memphis market might have to offer you depending on your goals. 

I am happy to provide insight as I work extensively with foreign national investors in the US.

Becoming familiar with how treasuries work also gives a lot of insight into how mortgage financing works because mortgage rates move with the 10-year treasury most of the time - so following the 10-year will give you insight into the real estate cycle as a side benefit. 

The accountant said that NJ allows one to “adjust” the basis in the property to the extent no benefit was obtained from depreciation...you do not get to take losses from real estate to offset gains on sales of property in NJ.

I've had more success gaining the attention of ALE and other companies by having more properties to offer them.