You definitely would want to read through the county laws again.If you don't want the extra load up front, best to wait until you get the license.

With an extra vacancy or a maintenance issue or an extra turnover, this is definitely a negative cash flow producing investment.So when you say the rent growth and value growth have exceeded your expectations, I would love to have you respond as to how that is possibly the case. 

It is not usually a passive investment, even when owning rental properties.

Most turnkey properties these days are usually cash flowing $200-$250 per month with 25% down.

What are the usual lending parameters for a person getting there first property with roughly a 700-730 Credit Score and trying to secure a home 200k or under? 

Between the equity on the condo and the extra cash you have, you can purchase 2-3 homes. 

Since this is a short-term flip, the IRS usually sees it as active income, but if your role is truly hands-off, there might be a way to treat it differently.Have you thought about how you’re structuring the deal?

Note this election MUST be made in the year of the dispositions.2) 1031 - There's usually no tax on gains or losses when swapping property for similar property.

Speaking in generalities of course based on what I usually buy.But, these days I'm trying to be more passive so things like syndications are a more likely path for future investments.

If i sell my SFR rental for $450k and equity is, for example, $200k...Can i invest 100k into a new SFR worth $275k and invest the remaining 100k into a sponsored DST or TIC (which deals are usually multiple hundreds of thousands of dollars?