Also might be good to talk with your agent and get an idea of what an extra storage space is valued at in your area (I've seen sheds be valued at several thousand before) so that might defray some of your building costs.

So i am curious if anyone has reported tenant with delinquent rent to the credit bureau.

We are managing a duplex at the moment so we don't need a very complex system, but something to help with the accounting would be awesome!

Did the property require any renovations or cosmetic fixes, if so what were they?

Buy a bigger home and rent the current one so you can buy a bigger home using the primary home lesser down payment. 

So when you get out of the USA, things get are different.

After securing the deal, the buyer made my wife and I go through three-feet deep of snow to "winterize" the house so there wouldn't be any plumbing issues.It was a 2 hour drive there, and a 2 hour drive back.So much time and effort put into it for only $4k...

All of the value would be considered long term capital gains and so I was trying to see if I could instead 1031 exchange the proceeds into an investment property which I’ll eventually move into and sell with the primary residence deduction.

We already see 2-4 tow trucks and services trucks in our apartment complex every week so we definitely can see the value there for our tenants!

no one really wants to hear this though... they want the shortcut.there are also ways to recycle capital, like the BRRRR method, which works but is tough right now with interest rates so high and deals tough to find (and 10 other things, but those are big ones).