I will say having that passive income is tempting but it would come at the cost of doing a full blown condo conversion to free up the capital.Anyways, am I thinking about this right? 

I agree with the above replies, read through your PMA thoroughly.Feel free to connect.

Maybe I moved in to it for 2 years with my wife and then sold it so 1/2 of the $ 1million was tax free and then did a 1031 with the remaining $3 million to pay zero taxes, if I was smart. 

Feel free to come check it out and network with other investors like yourself just getting started.

By the way it is free for a tenant to place a lawsuit in the city..Thank you

You could easily manage a significant volume through a free Google Voice number and an email address.Considering that most residents lean towards email and text rather than phone calls, you can periodically check those messages or any voicemails left for you.As your business expands, you might want to consider implementing an efficient property management software.

Lots of options feel free to shoot me a message. 

It can also be a great selling/renting point.Feel free to reach out if you have more questions.Best of Luck,Alex Furini, RA

I just bought my first investment property (duplex - one rented, one free) and had a few questions.

She hadn't used it but liked that it was free and synced with Quickbooks.