Also, after a year, the mortgage hasn't been paid down by much, especially if it's a 30 year mortgage.The only challenge you may run into is if you purchased it using a low or no money down mortgage option like FHA or VA lending.

Rewey: Great post topic...I'm going to pop some popcorn and will be back for the show.Just to get things rolling.

There are towns that are not too far where there could be some options for you, but I would start going to real estate investor meetups and pair that with books and podcasts.

Her 1031 exchange could be used to purchase a primary house for you that she would gift to you. 

As a Mexican realtor, I’ve worked with clients alongside an accountant to simplify the process, including setting up the necessary bank account for rental income.Let me know if you'd like more guidance! 

Go to AirBNB app and research which areas have the most listings, that usually means that its a HOT area and if you run it right you can succeed.  

I would go the VA loan if you can, no pmi will help your debt ratio as well.  

I highly recommend you start going to meetups.  

There are a few options.1.

I don’t see where a rental would make sense, so I’m trying to look at other options to cover the monthly payments until the market goes back up.