Comps in the neighborhood are iffy and it seems to be largely block by block as far as how good of an investment I tis. 

We bought a duplex as a house hack, preceded by a handful of other SFH's in our neighborhood.

Anything can happen: the market can shift, we can go into another extended lockout period, the property can be destroyed by a natural disaster or by vandalism, the list of contingencies is endless.

You can't avoid the taxes from your first property by putting a second exchange in between.

Originally posted by @James Wise:Originally posted by @Edmond Dantes:Originally posted by @James Wise:Yes it must be renewed every two years. 

On the residential side my experience has been that any cash flow I accumulate gets eaten by major “replacement” items every three years.  

Possibly enough if not a PM for properties owned by others.  

Then on after that, replaced by now songs of woe. 

The homes are auctioned off by Auction.com on the first Tuesday of every month.

Hi Nick,I'm by no means an expert on South Bend, but I'm fairly familiar with it.