I hope the heck I've got more than a decade to go, but just have too many play things to do that are more important than buying another house.

Quote from @Willie J Baxter: I used dealcheck on a multiunit in the area and played around with it till i could cash flow positive $250/mo.

Here's how each option plays out:Option A: Convert Back to a Rental and Use a 1031 ExchangeIf you re-rent the home for at least one to two years, you can defer capital gains taxes through a 1031 exchange by reinvesting in another investment property.

Posted this on the Multifamily section, but realized after I should post it here.I am a current Senior at the  Catholic University of America playing Baseball and finishing up my accounting degree.

I truly need direction and step by step guide to start this whole thing from scratch.

That plays well. 

These cities literally helped build up this country and our economy and I will never understand how much negativity they receive for fighting through adversity and playing the cards they're dealt!

If they aren't playing ball, walk away.You will need to make sure the home is code compliant.

It's not going to play out exactly like you hopedIf you have that mindset, not only will you have realistic expectations, but you'll create success over the long term.

This is often the best time to take action.HUD Secretary Scott Turner will function as the “quarterback” of this effort (apropos as he played in the NFL).