Plus for its high cash flow potential, utilizing a 1031 exchange to reinvest gains effectively made this experiment a relatively low risk for me.

By househacking a multifamily, you'll gain the same acquisition experience as you would purchasing a condo/co-op.

Would like to sell and capture gained equity, also cash flow is not great and the house needs more work.

To gain the experience I need and to see how the hospitality world works for meI plan to continue airbnb arbritage for a bit until I can own my own property in the area but that will be some time from now as the average home price in the area is 600k+ I'd need to save atleast 15% (10% for down payment 5% for closing costs).

The accountant said that NJ allows one to “adjust” the basis in the property to the extent no benefit was obtained from depreciation...you do not get to take losses from real estate to offset gains on sales of property in NJ.

My good experiences come from the knowledge I've gained and the initial support I received from RTR.

I've had more success gaining the attention of ALE and other companies by having more properties to offer them.

The short answer is that the longer you live in it the more gain will disappear. 

Plus, you will gain more equity in a shorter amount of time.

Their loss is our gain.