Not sure how important that is, but we put it into our spreadsheet… trying to learn and figure out our best move!

@Jeffrey Bourque This is where the "art" of the deal becomes more important than the "science"/numbers.

It's important to vet these companies thoroughly.

It's important to note that you cannot include your primary residence in a 1031 exchange, as it must be held for personal use rather than investment or business purposes.However, your primary residence may qualify for the Section 121 tax exclusion if you've lived there for at least 2 of the last 5 years.

However, after accounting for long-term capital gains tax and other expenses, you would be left with $150k which is important to budget and account for.

To set the scene: A cost seg study breaks your property into two important categories:1250 "real" property aka the building, foundation and other long life assets.1245 property aka anything that can be accelerated such as 5, 7, or 15 year property like carpets, cabinets, or other site improvements.

The most important thing is to start, so I wouldn't discourage you from buying.

And the most important thing LOCATION,LOCATION , LOCATION . 

It's important to make sure your property is registered prior to your Court date.

One of the most important steps you can take as either a startup landlord or seasoned one is to use a platform specific to property management as it will elevate your operation and save you tons of time.The good news is that nearly every software designed for landlords includes these features.