Buy and hold rental property.

Also make sure to have owners add you to their property insurance policies, so you have liability protection. 

How to do you first property? 

BP has built a great selection, all of them worth reading and that will help you build foundational knowledge.To answer this one: the words from old school investor Dolf De Roos "seldom sell" and you will find a lot of post on BP from people who regret selling properties in the past.

Hi BiggerPockets Community,I’m exploring the idea of renting my 5-bedroom property in Tampa, Florida, to traveling nurses and could really use your advice! 

@Travis Boyd, 19 of my MTRs are in multifamily properties.

The 1031 must be a sale of investment property followed by the purchase of investment property. 

None wanted to give me at least an estimate without architectural drawings, which I guess is understandable.

When we looked at what his cashflow is currently, and then considered what he would net out of a sale post tax, he decided to keep owning the properties.

In my market if the property went up by $365K the taxes would have increased by about $8,000.