We've developed a solid plan to continue growing, but I’m looking to create systems that will enhance our efficiency and help scale our operations.

I suggest creating a list of questions that are important to you and start asking!

House hacking can work with an FHA loan, as rental income from other units might help you qualify, but be sure to consult with a lender or mortgage broker to explore flexible options based on your unique situation.Good luck!

This creates a negative initial position.

I created the diagram below to help guide you through the decision of whether to keep or sell.

And this might indeed require some time to pass before doing that.You could still create a single member LLC with either you or your wife as member. 

I create a simple spreadsheet and compare my CoC return and Return on Equity (ROE).

I am trying to hire a licensed REA for my LLC to perform occasional open houses and move-in/move-out inspections since I am out-of state from my rental property.I have the REA identified, now I just need to know the steps to creating a contract for them and me to sign.

This option minimizes taxes while allowing more flexibility to reinvest without 1031 restrictions.Option C: Sell Now Without the ExclusionSelling immediately means paying capital gains tax on the entire gain, including depreciation recapture, making this the least tax-efficient option.Additional Considerations:HELOC or Cash-Out Refi: If you want to keep the rental while accessing equity for your retirement home, consider a HELOC or cash-out refinance instead of selling.Estate Planning: If you hold the property until passing it to heirs, they receive a step-up in basis, eliminating capital gains taxes entirely.For tax efficiency, staying two more years allows you to partially exclude capital gains, while a 1031 exchange defers taxes if you plan to continue investing in rental properties.This post does not create a CPA-Client relationship.

The median home price is also very low nationwide which creates a low barrier to entry.