My parents have been staying there rent-free but they have a new place and so we want to consider doing a 1031 exchange.

@Cris Mullen House hacking is indeed great, but Jake expressed his desire to stay where he is at the moment.

I have been looking at 2-4 unit multifamily properties (3b/1.5b) in the Southington, CT area I did a site visit with my handyman.Property is in good shape new roof and deck, except for aluminum wiring and cosmetic items.This market has been very competitive the last year and decent properties don't stay on the market too long. 

@Arturo Perez Honestly, for a learning investor, I would recommend that you stay away from lower-tier rentals and Section 8.

. : we are almost a zoo).The tenant that I made give up their "Emotional Support Animal" violated the lease as soon as they had a dog stay at the unit without notifying us. 

Your existing 50% interest in the land will stay outside the exchange.5.

Stress testing your expenses in a worst case scenario where you need to replace a large ticket item down the line is a safer way to ensure that the property will always cash flow.Also the only thing catching my eye is the ARV stays at the purchase price even after putting in $5,000 for rehab.

VA loan appraisers don't have a good system in place to stay in communication with the lenders. 

Good luck and stay active!

Feel free to stay in touch!