Just do thorough research on the local market and have a solid plan for managing the properties remotely.Good luck!

-Leverages your current momentum and enthusiasm for investing, potentially accelerating your path to financial freedom.Cons:-Requires managing two properties, which could add stress unless you already have a system in place (or plan to hire a property manager).

I'm thinking long term rentals will be a good retirement plan.

I think this applies in all aspects (fitness, relationships, career, etc.). 

Sound like some people we’ve previously “engaged” with.The second criteria is if the deal is a “fit” for syndication.  

Sounds like a great plan. 

Do you meet with us routinely to be proactive and do planning?

That sounds like a perfect fit for you

We plan on living in the house and doing most of the fixes and renovations ourselves.

If managing it yourself feels unsustainable in the long run, hiring a good property manager could give you more peace of mind.Since a 1031 exchange or like-kind replacement doesn’t seem to be a good fit for your current situation, you could consider a HELOC if you need to tap into the equity for other investments without selling the property, although rates are high so this would eat up your cash flow.