If I paid off the ARM, I would flip to black cash flow around $450 a month.

So far I can think of:  - Using agency resources to get my RE license - Trying to make connections with agents who work with investors (as opposed to typical homebuyers)  - Learning the local market through osmosis/exposureAny ideas and/or insights would be well appreciated. 

You diligence needs to be trying to pull out if your operator has some competitive advantage that will let them eke out marginally more returns for you, to more than offset the additional fees you are incurring.Of course, with a 1031, the analysis is slightly harder, because you have to factor in the tax savings you are getting through your 1031, relative to taking sale proceeds as taxable and investing in a group that may have lower fees.

However my latest deal is an off market one that I found through my network.

After swallowing some lumps thanks to one thread I posted back in April, I should (crossed fingers, no blown furnaces or sheard off roofs) be in a good position next year to reinvest.This is hopefully not a beat the dead horse, "where is the best cash flow in X" post, more of a strategy question for anyone who knows the market in CT.Here is what my limited knowledge/intuition tells me: Waterbury, Bridgeport, parts of Hartford cash flow best because of the inherent risk, lower fairfield county cash flows worst (today) because of NYC effect on price/rent, and there is an in-between SOMEWHERE.I think that somewhere is in the central part of the state between route 8 and 91 north of new haven, east of waterbury.

How will the Fed react to the U.S. economy creating 818,000 fewer jobs than originally reported from March 2023 through March 2024? 

I scaled through house hacking 2 and 4 units.

They will not only be able to guide you through the process but also provide you with resources to ensure you have a successful journey. 

We are going to be buying property and building a spec home shortly and need to understand the pros and cons of doing this deal through an LLC vs. as individuals, from a tax perspective.

I recommend talking to @Gino Barbaro, He coaches students to invest in Multifamily, rising money through Partnerships and Syndications.