Funny, seems like this thread just keeps breeding house-hacking interested ME's, as I am one as well, I've been listening to the past BP podcasts after my brother turned me onto them, and now trying to get involved in other ways to continue moving forward. 

Ive been wanting to get involved in real estate but funding has kept me stuck.

I was more or less thinking about it as providing a one up to competitors, but did not think about the risk involved!

As you pointed out the prior 1031 is complete and not affected or involved.

Well how involved do you want to be?

This will give you an idea of how much involvement you will be expecting once they rent.

There are many variables involved.

You have a tenant you are inheriting and I will bet the portion that MHA pays is at least $750/mo and the tenant is responsible for the other $200. 

Even after hearing about all the "nightmare tenants", we never thought we would ever come even close and they being military, this being a higher-end rental home, we thought it would be a "safer" bet but apparently we are learning the hard way). 

@Leroy Feireira-shearin what they dont tell you is that wholesaling involves owning the property, then reselling it.