This positive cash flow will provide a financial buffer and support your long-term investment goals.Multi-family (MFH) and single-family homes (SFH) are distinct asset classes with different characteristics.

We have a duplex and a lake townhouse that we rent long and short-term out of state so we have some experience as landlords.

Your plan probably works fine in an up market - but we never know where we are heading.    

How long could you hold the property?

So you should definitely check them out, maybe get in a conversation to understand their monthly returns for long-term projects.

I wrote a long piece a while back you might find helpful: https://www.biggerpockets.com/blog/due-diligence-ultimate-gu...Good luck!

But it was reported on your joint tax return with your wife (as long as you file a joint tax return). 

As long as I do the 1031 properly (intermediary and all) and don't touch the sale proceeds, nothing changes from the interest tracing perspective? 

We are looking to find a land in Douglas County, WA mainly in Waterville town.

Hi,I want to get started in real estate investing and so far I am mostly interested in long term rental properties and Multi-family properties.