I do not know anything other than computers and IT and been exploring what else I can do to switch my profession. 

I stand corrected.You cannot use Section 179 for a roof replacement on a real estate property because Section 179 is meant for equipment and certain other types of tangible personal property that businesses use in their operations, like machinery or computers.

After finding a  suitable borrower to place your money with, but before the money trades hands, be sure to underwrite the deal thoroughly.

With a brand new W-2 job in a different trade/profession, you may need to be in that new job for 6 months.  

Which if youve done flips , but not commerical multi before, you wont miss much,  however a 6 fam is a commerical code permit so there are slight variations between the residential code for essentially all trades which if you dont have a detailed plan and you dont double check every code before you do anything but rely on cheap labor to do your due diliegence for you, what could go wrong ? 

In our24 years of experience, managing almost 100 S8 leases currently, the average S8 tenant has a FICO under 580, numerous collections from utility & cell phone companies, doesn't want to pay a security deposit, much less an application fee and claims they don't know how to fill out their S8 paperwork despite being in the program for several years - hint: they want YOU to do it for them.Most, not all, are eligible for government assistance due to a funeral-march of bad choices.REALITY: you are trust trading one set of problems for another.You can succeed with S8, but you need to understand the challenges and plan accordingly.

One-year leases are very common in smaller spaces, as you're most often working with tenants in the trade industry that need a garage styled space for tools and equipment, some with a small 1-person styled office adjacent the shop.

Yes, I can take cash out and try to invest in higher return projects, a sort of carry trade, but the reality is that increasing return on equity generally involves more risk. 

I'd appreciate your insights on balancing the trade-offs between initial capital outlay, monthly cash flow, and potential returns.Thank you for your expertise,Ricardo

Consult your 1031 exchange agent for guidance.Both the relinquished and replacement properties must be held for investment or used in a trade or business.