Quote from @Jaycee Greene: Quote from @William Taylor: Hey there BiggerPockets members, I'm an upcoming agent practicing running numbers on different duplexes and investment properties I'm seeing on the market, here to share another report I'm working on for feedback.

It’s a single family house that I bought for $160k.

Investment Info:Small multi-family (2-4 units) buy & hold investment.

I'll be investing in the Couer d'alene Idaho area. 

I would suggest that you find a partner or mento who has done it before.Many of the investors that I work with in your position find that buying New Construction investment property from a builder is a better option. 

I can say that with Phoenix, a multitude of opportunities can be in store for you if you invest in their market, network, or even just want to get familiar with it.What type of real estate are you into: fix & flips, buy & hold, multi-family, or something else?

Taking action isn't only investing in real estate.

To meet like-kind exchange requirements, the replacement property must be held for investment, and your son living in the home may raise IRS scrutiny.

A little history on my investment real estate journey if we can call it that….Back in 2005 my wife and I bought our very first home when we were 24/25, 3 Bed, 1 ½ bath 1500 sqft single family home for $167,000.

Keep the current investment and buy another house hack to live in.