Before beginning the process you should speak with an attorney to ensure your strictly adhering to the law.Identily a property that you would purchase and your target acquisition price and work out the ARV to show the potential profit spread. 

Typically even if you run into reasonable unforeseen expenses,  those added costs can be absorbed by a rental asset over time whereas the same can't be said about a strictly for-sale area.

The lease was re-crafted when I purchased to add an appendix that strictly prohibits trampolines, pools, swing sets, and more. 

If you're willing to make it strictly an investment property, then you could refinance with a DSCR cash out.

New Jersey gets a bad reputation because there are cities with extremely strict landlord laws, people invest in those areas thinking they are getting a good deal because the numbers "look good" on paper, long story short many of these areas are horrible places to invest with some of the strictest landlord laws in the world. 

Unfortunately not, Gabriel. 1031s are quite strict, and involve equal “equity” deployed in order to persevere the gain deferral.That said, if you’re okay with realizing *some* capital gain on boot / mortgage boot, you can pull *some* cash from the 1031 exchange.

When we bought ours we had to kick out all kinds of problem tenants, but we remodeled them nicely and are very strict on the type of tenants we allow so everyone feels safe and comfortable living there.

But if they cut you off after 4-10 deals, they are doing so not for some strictly artificial reason, but because they see you as being in danger, and too risky to loan money too.It would sound to me that if a bank cuts you off after a certain amount, then instead of going to loan sharks (read: "hard money" lenders), you should look at forming a legitimate corporation that takes out commercial loans and runs more like a legitimate financial institution.Just some thoughts...

The real estate investment in the IRA is strictly for investment purposes only, just like a stock investment would be.

This quitting W2 to survive on REI reminds me of the FIRE movement or Paleo diet.