I learned that listening to Robert Kiyosaki and Dolf de Roos when I was 20.

Since your plan is to hold and rent, put your money into necessary structural, systems upgrades and code issues (updated wiring, plumbing, HVAC, roof, windows & doors etc) and then focus on the interior - update the kitchen {de-clutter and maybe reface the cabinets, update plumbing, etc}, the bathroom and flooring ... then repaint.On the exterior, clean-up the current landscaping and maybe paint.

De Andre', this is a huge topic and I'm not a qualified exchanger (not the correct term, I know), but basically if you sell a property and buy another within the time frame allowed for at least what you sold the first property for, you can delay paying taxes on the gain from the first.

You could always open an LLC in Delaware....You could also do a Delaware statutory trust (DST)Listen to BP podcast 110 I think it is where they talk about protection of assets. 

This is the world of Delaware Statutory Trusts.

I believe there's a Delaware series that lets you have many Series LLC s under one Master LLC.

Our third project was another single-family home in Havre de Grace, MD.

I recently found BiggerPockets and I thought sharing my experience with real-estate so far would be beneficial to many of you here in the community.When I was 17, I became the youngest person in the state of Delaware to pass the national and state real estate exams and when I was 21 I became a business owner for the first time.I wanted to tell you these stories for one simple reason: I want to inspire young entrepreneurs that might be thinking they are too young to work on their dreams.Growing up I always had an interest in real estate.

@Bradley De comarmond  Thank you for the balanced and informative answer! 

Again, returning to replacement, how do you replace, you will not be able to likely replace for another appreciation play, your next plays are cash flow, if you take your win, expand your portfolio perhaps with property "C,D,E" you have now also expanded your risk tolerance as you have become more diverse....