You would probably have to foreclose - a much more difficult process.A lease with and option will not negatively impact your ability to 1031 in a year.

I like the ability to be able to have the policies in one place grouped together.

I am working as a consultant part-time so I have the ability to set aside time each day for research, meetings, etc.I don't necessarily need a lot of cash flow on the front end but would like to "get the ball rolling" to start building equity.Any advice on how to get started is greatly appreciated, thanks!

That's why you have keep a close eye on the calendar for when you move out and convert it to investment.This little know ability is a huge game changer for house hackers. 

- your team/ability to do the rehab probably most important factor here

The rental arbitrage business can be very lucrative but will test you and your ability to implement and delegate systems/checks and balances/S.O.P’s.

And I feel the ideal portfolio can benefit from the diversification of both.I feel directly owned properties are great because they give me maximum control and the ability to tweak them exactly how I want.

Remain committed to your long-term objectives and be ready to overcome any obstacles that may come your way.Make the most of your special abilities and resources, such as your capacity for problem-solving, risk assessment, and collaboration, and approach each investment with a strategic attitude.

After talking to some, I find that they often don't want to commit to longer stays until they've been there and decided if they like it so having the ability to rent month to month gives them the security to try it out.

A scam artist will have no intention to close so they will ask for upfront origination fees or admin fees.