You are investing a lot of money & using a lot of the built up equity in your livelihood to be passive about it.I know this may sound pessimistic but it's more to make you aware of the reality.

Hey @Dalton Foote - I highly suggest  using a renovation loan and house hacking a multi-family if that is possible with your current life circumstances.The 203k and homestyle renovation loans are just amazing products and drastically help you reduce your risk, in my opinion, because you are able to leverage the cost of the entire renovation with such a low down payment loan.We work with a lot of clients who use these products in Chicago, and no matter what, in the long term, they gain great equity.If you aren't able to house hack - the process is essentially the same, but just with more money down with hard money or conventional construction loan.

If you’re selling and you’re going to buy another rental no matter what, if you probably do a 1031 unless you have almost no capital gain or depreciation capture.

Consider the "2 of the last 5 year rule" to avoid capital gains. 

Glad we're secured, but nothing in rei is passive.

Hi Derek, I am not sure of other companies where you can passively invest but as for Paramount Management I would stay away. 

Instead of trying to actively manage investments in singles and doubles have you considered investing passively in syndications?

I am excited about gaining more knowledge and deals! 

By adopting the house-hacking method—living in one unit while renting out the others—we plan for the tenants to cover the mortgage and gain valuable property management experience.

Since I undertake a number of projects with passive partners who maintain ownership interest in the LLC, I often have to negotiate this with the banks ahead of time as I customarily solely guarantee the debt and that's my LP's expectation.