If you don’t do a 1031 exchange, you should definitely try to hold the property for at least one year to get the long-term capital gains tax rate.

You’re definitely right on regarding all those decision-making!

@Jess Azong like others have suggested on here and that you even mentioned yourself, I would definitely recommend reaching out to a CPA who has experience with real estate investing to best guide you.

Now for my dilemma my investment company I work for doesn’t offer any real estate career paths, unfortunately as it is a passion of mine.

Since my strategy would definitely involve house hacking, I was thinking about house hacking with a mixed-use property.It could be interesting to evaluate as a strategy, but only if I can access financing with a low downpayment.How would that work from a financing standpoint? 

I would definitely use your own Title company if possible.

Definitely check out Cleveland!

I would definitely be hoping to put as little of a downpayment as possible and have been interested in FHA for a while.

Yes definitely.

Thanks you Alexander, you are correct it looks like for the long term this area definitely is worth consideration, however just from some of the research I have done in the past few days, Elizabeth still has a better cashflow to cost ratio for the time being, don't you think?