Here are a couple links:8 Favorable Landlord States10 Best Places to be a Landlord5 Most Landlord Friendly States

Please let me know your thoughts as I've never prepared a private lending package and I'm not exactly sure if this is favorable enough for my first private loan. 

My wife is all in favor with me.

Sacramento Pros: We live here, can network easily/do some of the due diligence in person, have a better change of the properties appreciating Sacramento Cons: We don't know as many people in the industry, the contractor we like is booked 3+months out for larger projects which doesn't seem uncommon for the area, we have demanding/long hour day jobs that would limit the amount of sweat equity equity we can put in, higher barrier to entry/ability to scale with our capital (due to contractor timeline, competition, price point etc.)Little Rock Pros: We used to live here and have a number of contacts in the area including a realtor that we trust, the price point is low enough that we could scale quicker by not having so more tied up in a single property, favorable landlord lawsLittle Rock Cons: Appreciation is almost non-existent at least in the neighborhood we used to live in (which is tied to top schools), we aren't close enough to do any of the leg work/would have to rely on others/wouldn't be experiencing the trends the same way as living in the area, a chunk of the networking would have to be done from afar vs. in personThanks in advance!

This will add more equity to the deal but the loan terms are going to be less favorable.2.

For those of us who care, the safety side of investing is overwhelmingly in favor of real estate.

Compound interest and exponential growth favors starting young, so this is a great decision!

@Milton RiveraI think a better way to phrase my question would be do I only need to transfer the capitol gains to the next property or do I have to transfer both capitol gains and what I have paid back/downpayment from current home.Home cost = 165000I owe = 120000Therefore I have about 45k equity if thats how it works.I invest say 30000 into the home and sell it for 270000.In my eyes I see that I have capitol gains of about 75k (i understand all fees I paid are taken out from capitol gains in my favor but ignoring that this is what I am at ballpark)Now that means I should have about 150000 (270000 - 120000 mortgage) in my bank account after the sale (or in a 3rd party exchange account).

Property insurance in favor of lender. 

I would hope that if the situation were reversed that they would return the favor.