Ensure that this aligns with your risk tolerance and long-term investment goals.1031 Exchange Considerations: Utilizing a 1031 exchange to acquire the Indiana duplexes could be a smart move, as it allows you to defer capital gains taxes.

Tenant agrees to comply with all duties required by Wyoming Statute §1-21-1204: maintain the Premises in clean and safe condition and not unreasonably burden any common area; dispose of all garbage and other waste; maintain all plumbing fixtures in a condition as sanitary as the fixtures permit; use all electrical, plumbing, sanitary, heating, and other facilities and appliances in a reasonable manner; prevent water pipes from freezing by turning off outside spigots, disconnecting hoses, and keeping the rental heated to at least 50 degrees; replace lightbulbs, air filters, water filters, and other consumables as needed; test smoke detectors every six months and replace batteries as needed; immediately notify Agent in writing of any defects or dangerous conditions Tenant becomes aware of; replace broken or cracked glass, no matter the circumstance of breakage, unless the Tenant provides Agent with a police report detailing breakage beyond the control of Tenant; pay to repair anything damaged by the Tenant, his guests or invitees, whether through intentional act or negligence; upon termination, remove all personal property and garbage either owned or placed on the Premises by Tenant and clean the Premises to the condition at the beginning of the AgreementCreate a policy and stick to it.

You don’t have to be particularly smart to do either, but you need to put in a lot of work and take on a lot of debt.

I'm not sure how to weigh the value of tax savings compared to depreciation if I go with a SDIRA (if I understand the depreciation issue right).TIA,AmyHi Amy, smart move getting back into real estate.  

Hey Alex, real estate in general isn't all that risky if you're simply smart about it.If you're looking for a sleeper market that the masses haven't caught on to yet, you've got it in Detroit.

A tenant destroyed a garbage disposal with a shot glass- the next thing in my lease was tenant payment for repairs not coming out of security deposit and specific terms for hourly labor charges. 

An LLC could be a smart move for liability protection and tax reasons.

The fact that you're part of the robuilt Airbnb community is a smart move. 

Smart customer like you would always ask what's the purpose that I need to pay for this and that.

Like the story , smart decisionBut I guess you don’t end up selling your primary