Purchase price: $485,000 Cash invested: $25,000 This is our House Hack / Airbnb that we currently live in.

I'm the person I trust.

I’m thinking of starting my 2nd 1031 as I move away from these cheaper/smaller houses. 

I have heard it's relatively consistent with cheap housing (cash flow comes to mind).

As an out of state investor, I cannot personally manage the property, hence why I hired a PM. 

unless you're going to spend time, money and energy building a team, going to the market in person, and being thoughtful and patient, you will likely lose money. 

The loan on my current house is actually a conventional loan. 37,834/year projects me 3152/month before airbnb/cleaning fees right?

He told me he had inherited the property from his dad and was using it to "make tiny houses".

The market is efficient so where illegal immigrants are will causing housing prices to go up which will cause the efficient movement of people to less expensive housing which will cause that housing to go up which will then push people out again. 

If you're keeping an eye on the U.S. housing market, you've probably noticed some pretty interesting shifts happening lately.