I contemplated appealing it, but I figured I would go after the PM instead, which I plan to do.

I am taking your advise, and switched my game plan to include a local agent or property manager to show the properties. 

Just focus on running the numbers carefully to ensure the property cash flows or at least covers expenses, and don’t hesitate to lean on resources here for advice.If you’re financing, look into FHA loans, as they’re great for first-time buyers purchasing up to 4-unit properties with low down payments.

.- The townhouse you're moving into is currently a rental, but you plan to live there two years for the 121 exclusion.

Personally, I would be careful in Florida.

  ( 250 investors 50 mil) all loans were fractionalized ( this was Oakland CA and Bay Area loans) I could legally do those as a CA RE Broker. 

That’s a helpful perspective as I plan out my projects.Thanks again for sharing your insights!

Here are a few stats which should raise an eyebrow about Detroit $1 billion invested in more than 4,600 units of affordable housing over the past five years Job growth with more than 25,000 more Detroiters employed since 2014 A return to investment grade bond status for the first time since 2009Reductions in crime beating national trends, including the fewest homicides in 57 years Successfully hosting the largest ever NFL Draft at 775,000 people over three days In terms of starting out in Real Estate it also makes sense to invest in Detroit considering that the entry costs are low and if you plan to buy and hold, Section 8 makes for a great partner to insure steady rent payments.

It is currently rented, and we are bullish on the building and plan to keep the unit in our portfolio.

@Bryce Nurding it sounds like you have a solid plan.