@Jacky Fan Here is some more information on whether you can 1031 a personal house:https://www.1031exchangemadesimple.com/personal-residence.ht...The general theory seems to be that if your home wasn't used for investment purposes during your ownership, then 1031 doesn't apply.  

. :)If you are trying to market specifically to investors, join local investor groups (in person or on facebook).

Hi Natali,I am not an attorney so I would suggest contacting a local real estate attorney but having an LLC should provide personal liability protection. 

I personally worked all around the cities right outside Detroit; Warren, Roseville, bad side of Southfield, bad side of Sterling Heights, etc.  

I was not sure the legality and tax implications of using personal assets to help fund LLC ventures. 

But- since you are a newbie, in lay person's terms, the answer is yes...but slowly and over a very long time. 27.5 years, to be exact. 

Banks were very conservative and nationals had not come in to the market yet..

Hi @Sejin Kim I'm personally not a fan of condos anywhere, especially in Florida.

I have one tenant who on paper takes in more than enough money to cover rent, but she's always having problems because in her words, if she has the money in the bank, she spends it.

In 2010, there were "new" cabins - with indoor pools - that sold for $899K a year or two earlier going for less than $250K by the bank.