I'd live in the unit depending on the location.

Probably depends a lot on location.

Granted, that matters depending on the investor's strategy and goals.Meanwhile, all this does is increase the work for the supporting professionals with more filings, paperwork, the potentially the 1031's, all for some tax savings in this year. 

But it depends greatly on the individual situation.

However, the specific details can depend on various factors, including the type of asset, how long it was held, and any applicable tax exemptions.

I'm not familiar with the San Antonio market, can only speak to the Raleigh/Triangle area market but here's my take: 1) I'm currently invested in Raleigh, Cary, Smithfield, Selma, and Lake Lure NC2) I would consider other cities in NC, but not in TX just due to proximity.  2) SFH vs multi... there are a lot of factors, so depends on how you define "less headache". 

@Ivan Huerta it really depends on what your strategy is.

Does anyone have a recommendation for a Chimney Sweep that you have worked with and consider to be dependable and cost - effective?  

Depends on how you bought it but if you can refi 80% of the new value with a long term conventional and rent it at $1,000 per month you should be able to cash flow it around $125/month

With a conventional (non fha mortgage) you can put between 5%-19% down (depending on lender) and you'll only have monthly pmi.