Since the assumable financing and seller carry combined could put a strain on your monthly expenses, it’s important to model different scenarios for vacancy, maintenance, and management costs.

The labor forces used are rarely licensed and insured, are the bottom of the bottom and paired with the cheapest materials... a losing combination. 

This is going to be a combination of agents, financers, property managers, ect. who are going to do the day to day tasks of finding and managing the property for you.

The other reason tax bills get stalled in Congress is that most bills combine multiple unrelated measures, usually serving various special interests.

As you mentioned, it might be difficult timing the sales of each of properties where you can achieve a combined exchange (multiple properties into 1 property / or a few properties).Just a quick note that may be helpful - I work with a group of investors that can help with a combined exchange into a single property and will buy it back once you've found a replacement propertie(s) as the final destination for your capital.

Over a 25 year time frame the combination of the location and the house will grow faster than other properties, due to location/location. 

There are buyers that prefer any combination.

Now think of this "work" as a combination of trade school and actual work.

This combined with minimum footage for a bedroom means many lofts do not quality in CA as a bedroomDifferent states will have different requirements for what constitutes a bedroom.  

Don't forget to account for the cost of the appraisal or any other vendors...an appraisal and survey will over $1000 combined, for example.