Not having to work 9-5 gives me the space to think creatively about real estate and spend more time finding and executing deals.In short, we've spent the last 8 years strategically buying and selling real estate.

Check out our Blog, for some great information about all aspects of real estate investing, and our top rated Podcast, perfect for inspiration from investors who have been in your shoes.

As @Aaron Mazzrillo said, the hookups can be expensive (let alone very city-oriented), so a lot of people use composting toilets (not smelly like it sounds) and solar so you don't have to deal with the hookup aspect.

At each meeting we have presentations on different aspects of REI.Our next meeting is tonight at 6:45 pm @ Catfish & Co, 2338 E 8th st, Odessa TXFor future meetings visit: http://www.meetup.com/Permian-Basin-Real-Estate-In...Reggie Wright

There are plenty of great 1031 facilitators on BP who can chime in with an expert opinion as to that aspect of your plan. 

Welcome to BP community @Peter Grabas It is a great place to meet new friends and learn about various aspects of real estate and more.

D.C. is a anomaly and can be very difficult to deal with from the tenant aspect.

But then, it becomes vital you start to seriously separate yourself personally from the business as much as possible, because likely you're still considered the "property manager" and then tenants might consider suing the "property manager", so some people even separate their property management aspect of the business into a separate S-Corp and furthermore put individual properties in multiple LLCs. 

Glad to hear everything worked outI see you're in the Long Island area, if you'd like to join a meeting of our Real Estate Investor group we meet monthly, I list the events on Bigger Pockets in the Classifieds/Events & Happenings sectionOur next:  https://www.biggerpockets.com/...It's very informal, open discussion (but you're under no obligation to share anything if don't want to), all aspects of real estate 

Let them know how happy you are with other aspects they are managing for you etc.