At the same time, I prefer to minimize liability, though I’m not a seasoned investor.Is this one of those calculated risks that investors eventually become comfortable with, or should I prioritize limiting liability from the outset?

It's not great either but they are stating if given this deal once I have 5 properties; they will allow me to convert my 5 properties (I have an LLC but the properties are all in my name not in the LLC yet) over to a commercial loan (5 properties min) and give me a line of credit to continue buying additional properties.

As soon as that natural gas is converted into heat, the ability to efficiently transmit that over distance is VERY limited. 

Hey BP, Im curious on what some of you would say as the better route to go and why.I'm at a crossroads between:Starting and focusing on New construction for single-family houses to eventually get into being able to build small to medium editions as a long-term goal.

@Kim Tran Yea like what @Jackson Hanssen Is saying here, you can only 1031 investment property for investment property, and later down the line convert it to your primary residence.

Either sell or convert it into a rental or a STR. 

Another consideration is that if you do a 1031 exchange back out of CA the state is a "claw-back" state so CA will try to get their capital gains eventually.

I have yet to attend an event with Bigger Pockets and my local RE Association but will do so eventually.

I have a great tenant and very few repairs issues (I put in a new HVAC and water heater a year before I moved out) but will eventually need a new roof (house was built in 2005). 

But I'm one of those marketers in real estate that even though people might not convert in selling their house.