I am trying to buy first property to house hack, live in for 1 year, and buy another.

Hello everyone, I am doing some tenant turn over remodeling on a rental property.

Active and pending sales will not count. 

The property has been in the same family for 30+ years and has been well maintained. 

So outsourcing some degree of property mgmt would be a must... but the deal won't work paying a local property manager a large % of my revenue...Instead, I would set up my "boots on the ground" (cleaners, handyman), and would need an offshore virtual assistant to manage guests and coordination of my local team. 

@Laurieann Frazier-Duarte feedback:1) How many competing rental properties have you toured to evaluate how your home compares?

Curious and excited to learn some things about multifamily properties (duplexes currently).

My thoughts on this would be - when you're taking out all money that you have invested into a property AND the property has enough equity that any loan fees can also be covered through the refinance AND the property still cash flows, you're getting an investment with no cash of your own.  

To give you a background, I have a property in Maple Valley City in Washington state with a clear title paid off for land.

If so, how do I get around this or at least make it to where only the rental income from the property is taxable locally?