., lower Airbnb income, longer renovation time)Consider professional property management to reduce your workloadEnsure you're compliant with all local laws and regulationsFactor in potential capital gains taxes or other tax implicationsRemember, while the potential returns look attractive, real estate investments always carry risks.

It is likely most of them are familiar with both conventional, FHA and potentially other financing options that could be a good fit.Thank you so much I appreciate all the information, I am grateful for everyone that takes the time to help me gain knowledge it really does help me feel more confident.

When house-hacking with 5% down, returns on cash invested could be huge when you factor in the appreciation gains.

I agree that gaining hands-on experience in property management before fully diving in is crucial.

The 1031 can defer capital gains taxes, but it’s crucial to identify a like-kind property and complete the exchange within the IRS timelines.

This is just for practice for now so the most important thing is just looking at the numbers to gain an understanding, don't put too much pressure on it at this point, it's a muscle you have to build by doing reps. 2.

@Becca F. this is the greatest response - thanks so much for this valuable response!

But I’d like to get a gain from this, specifically some monthly income for myself.

It's all about your time horizon and if you are more focused on immediate gains, or long term appreciation. 

Best of LuckGino Hi Gino, Your response is quite valuable, and I am grateful for it.