Hello -I have put my house on the market for the past 16 days on the MLS for rental.

There are alot of private equity firms out there that will take a leap of faith if the numbers are right and there are a pile of different loans that fit the multifamily arena.So ive come to the decision for me personally to do this for my first time without one of those mentorship programs that promise the sky and deliver dirt.

In your case, the LLC that owns the single-family home would need to be the one making the new purchase to qualify for a 1031 exchange.However, using a 1031 exchange to buy out shares of another LLC is generally not allowed, as the IRS views LLC membership interests as personal property, not real property.

If you're not working with a local agent to help you screen tenants...I would say the best way to get as many eyes on the property is create marketing material - add to local FB groups and host 2 consecutive open house weekends showing a model unit and amenities.If you're close to any University Campuses - I would also suggest to partner with the university for housing opportunities for upperclass students.Good luck with filling those up!

I would really like personal testimonies before I go out and purchase one.

The house is $225K value.

I need it to tell me the condition of all the sewer lines in every house in Pittsburgh.

 - house hacking is one of the better current RE strategies. 

@Ted Akers  got it.. since It was not my business model I just fast forwarded to your default position..I have a proctor insurance account so I can insure for monthly fee. so house was protected for the few days I owned it. 

I have a question in regards to gift or equity.My parents have a house they wanna get out of a payment.