If the property is sold at a loss, can you unwind a 1031 to off set the gain on the sale of initial property?

It shows individual gains and ROI over a 30-year period, which helps identify which factors provide the highest returns and make informed investment decisions.In your case, even if you're not cash-flowing in the first year, since the negative cash flow is minimal, I’d still go for it.

Do you have access to a LOC in some way?

Any agents work at a brokerage that offers you access to instant buyers like eXp Express Offers, etc?

If you owe 550k in that example, then you would potentially have access to the 200k up a 750k loan on a  1 mm dollar property.

Start small and scale up gradually as you gain experience and capital.Don't discount tax savings from rental while building your portfolio.

@Vicki RolufsNever heard of him but I always recommend to check with nmls consumer access and check if they are licensed.

I am wanting to move out of my current residence, and because of other benefits such as the experience I'd gain and the access to a low downpayment, all signs point to house hacking.

Framing the idea as a way to preserve and improve the family property (rather than focusing on personal gain) might help avoid misunderstandings.

I use a scoring system where applicants gain and lose points and their total either meets or falls short of my established line in the sand.