@Robert Mitchell I am an investor from Los Angeles, who has invested in California, Texas and Wisconsin.

I would like to purchase a 2-2.5 mil home with the proceeds that will eventually be our primary, but that we could buy initially as a second home/investment and rent out for the remainder of 2024.

If you were to add a full bath room that would be a better investment.  

From my experience buyers typically prefer these lots because they will not have any neighbors directly behind them.I can't tell from your question if there is an existing house built, that you are purchasing, or if you are buying a lot and going to build on it.Also, you should have access to an interactive flood plain viewer to look where the 100, 500 and zone X for the flood plain are situated.

Hi,I am in the process of buying my first investment property and am using a realtor.

Welcome @Natalie Johnstone to the world of real estate investing!

Under 1031, however, you must use your tax-deferred gains from the sale of the rental to purchase another investment property (or more if you'll be making a killing).

We are stable long-term tenants and would prove to be a good investment choice.

As for lending, that too is typically done through contract in the form of a promissory note and personal guarantee (if you’re borrowing from a Company).

Typically, they know it's bad news if they are getting certified mail, and will not sign for it as that proves that they have been informed.