Mary’s County: Median home price sits around $365K, growing at about 4-5% annually. 

Are they going up to 50% of your income or are the banks your working with now more conservative and maybe only go up to 45% or less.

Now it’s minimum 45 and usually 60 and up.

Ideally looking for 4/5+ bedrooms w/pool.

Frankly for us, it is better to let it sit for 4-5 months with an occasional booking instead of renting it for cheap during the off season.

Maybe they are out there, but I just can't think of any lawn service that is going to go by 3-4-5 times a week to turn off and on and move around sprinklers to get your sod going.If it is Bermuda, there is some chance you can start watering the heck out of it and it will survive. 

The Detroit area has a ton of opportunity and lower entry prices, even if it is 30-45 min from you. 

There are some additional things that could help determine which loan product is best for your situation.203k Best When:- Credit scores 680-720 or less- Renovation will improve the value of the home more than 75%- Renovations will be on or in the home - no new yard projects, only fixing existing- Higher Debt To Income (can get approval with up to 56.9% dti)HomeStyle Best When:- Purchase + Renovation costs will come in higher than FHA Limits- Home improvements will only improve vale 75% or less - 720+ credit or 20% down (of purchase price + reno cost) to avoid PMI- Exterior Projects (fence, hardscaping, pool, outdoor kitchen)- Lower Debt To Income (sometimes as high as 50%, many times between 45-50%)- Renovations that are greater than $35,000 (soon this will move up to $75,000)Happy to answer any other questions that you may have!

There are specific rules for 1031 exchanges including:The replacement property must be identified within 45 days of transferring the relinquished property.The replacement property must be received within 180 days after the transfer of the relinquished property or the due date of the taxpayer's tax return, whichever is earlier.Special rules apply for exchanges between related parties (defined in § 267(b) or 707(b)(1)).Real property located in the United States and real property located outside the United States are not considered property of like kind.Cost Segregation StudiesA Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.

Part of the reason why I look for 4-5 bedroom places that need some work, that way I'm not competing with the everyday homebuyer looking for a 3/2.