I will be posting a full account here once the issue comes to the conclusion desired.

From my perspective, if you are getting a property at a price of 17K that has a ARV of 79K, there must be a lot of work needed (and possibly other factors that make the property non-desirable at the moment).Although you can make a lot of money via fix and flip through problem-solving, I think you will need to disclose more information about the property (address, info on rehab cost, how are you are getting this ARV, etc) before you can get a good answer to your question.I would suggest connecting with a local realtor there for more help, or seek out someone on BP who is active from the area (even a property manager could help) to assist you with sorting this out.I have some experience with fix and flips in my past, and they are absolutely nothing to play with for the beginner unless you have a lot of cash set aside for the unexpected (and there will be unexpected costs) or some experience in a trade where you can offset cash for your labor.Good luck and happy hunting! 

If you're the latter, work with your agent to describe any special needs, priorities or desires you have for neighborhood and school.

Here are the 1031 property ID rules you can use to your advantage:3-Property RuleID up to 3 potential replacement properties, regardless of the aggregate market value of the properties, and acquire as many of the properties identified as desired to complete the exchange.200% RuleID more than 3 potential replacements, as long as their aggregate market value does not exceed 200% of the market value of your current property.

I think my handyman skills would benefit greatly in my desire to be a real estate investor.

So, it's great that you are taking this on, and your rental will be very desirable to folks with dogs.

I desire a three bedroom house so that I can owner occupy the property while renting out the remaining two rooms to tenants.

It is our intention to educate and network our community of current real estate investors and to motivate people interested in becoming real estate investors in the future as a tool to achieve the success they desire.

The property does not need any repairs and is in a desirable neighborhood north of San Antonio, TX.

There are wood floors in the bedroom and living room that I will be refinishing.This unit is rented close to the top of the rent range, although not as high as some due to its location on the edge of a desirable neighborhood and some outdated (although in good condition) finishes such as cabinets and countertops, laminate kitchen floor.