Quote from @Jonathan Bock: @David CherkowskyHow do you hold title currently? 

This time, she agreed, and the sale finally went through.This experience reminded me how seemingly minor items can hold enormous sentimental weight.

However, government officials, pandering to populist sentiment, hold landlords to standards and responsibilities far more restrictive than any other business.  

But, if a cost-seg study is done on the old property, you can manage Sec. 1245 recapture tax by doing a study on the new property to confirm it has as much or more Sec. 1245 property.You cannot swap a fully depreciated gas station for a raw piece of land and avoid recapture - you must replace all the 1245 and 1250 property.3) OZ - Sure you can defer your capital gains for a few years into an OZ fund, but the magic of OZ investments is the ability to achieve tax-exempt growth after a 10-year holding period.

With fix and flips, the goal is for a short term hold so the interest only payments generally makes more sense.  

If this is a longer term hold and you don't need the extra $500 per month and you'd be fine with a $200 per month increase, go for that.

BP, I own a 33.33% membership interest in an LLC that holds a two-family property, alongside two partners with equal stakes.

We have LVP in some kitchen/bath areas and it is holding up well, but if you have a choice tile.The only caveat I can think of is aesthetically having all one floor is more pleasing than many room transitions.

Given that you're already in it for 6 months and close to getting it rent-ready, it might be worth holding onto it and renting both units out, which could help offset your mortgage costs.

My biggest advice is to start investing where you have a good network of people you know like and trust...this especially holds true if you will be investing out of state.While it's not impossible to go straight to the commerical I personally found it easier to start in the residential world and then make my way over to commerical multi-family.