There plenty of other opportunities elsewhere where you can utilize a 1031 exchange.If you decide on out of state investing you might want to consider syndications if you qualify as an accredited investor (Delaware Statutory Trust, DSTs).

Could you please go into the tax advantages/strategies for a first time house hacker collecting border income?

Here it is.The source is Trend MLSLet me know if you want to see any other county that covered by Trend (berks, bucks, burlington, camden, chester, cumberland, delaware, gloucester, kent, mercer, montgomery, new castle, salem, schuykill)

Have you ever heard of a Delaware Statutory Trust? 

@Rahul Delaware If you like the service of that broker and he is offering you best rate you should stick with that broker.

Based on the limited information you provided I would be interested in said property if it was in my area.We don't have any de-leading or sprinkler laws here...As far as bedroom conversions my property manager always seems to recommend against it, they normally seem to get a little extra rent and we just kind of figure that someone will use it as a bedroom anyway.

@Gillian De Lear Yes, you are absolutely right that once a property hits the market, price goes up to the point that doesn't make any sense.

Not sure)Finance of America LLC is in good standing, but owned by a Delaware LLC Buy to Rent Finance Manager.

Bank of America is incorporated in DE and headquartered elsewhere, but they obviously have branches in MD.

I’m looking into the viability of a building a second structure on the back of the lot that would face a back street.Only potential problem is this: the lot borders a funeral home.