As for the 2/1 unit There is a long term tenant (10+ years) that has a great relationship with the landlord (they seem to be friends as well) and has been paying rent on time ever since they have been there.

These areas may offer better long-term appreciation potential.Specific Neighborhoods:Research Local Demand: Talk to current students, university housing offices, and local real estate agents to identify neighborhoods with high demand for student housing.Check University Plans: Universities sometimes have expansion plans that can affect housing demand.

Long term buy and holds are typically more suited as a principal investment strategy and perhaps a Joint Venture. 

But our ultimate goal is a large portfolio of long-term rentals (100+ units).

All of the value would be considered long term capital gains and so I was trying to see if I could instead 1031 exchange the proceeds into an investment property which I’ll eventually move into and sell with the primary residence deduction.

Can they prove how long it takes to rent a vacant property?

“The ability to attend to a task and stick to long-term goals is the greatest predictor of success, greater than academic achievement, extracurricular involvement, test scores, and IQ.

It was nice to meet you last night.

The land market here has really taken off over the last 10 years.

How long ago did you acquire the property?