Hi Jacob - I have a network of partners from financing to tax strategy, REI coaching, etc...who can help answer a lot of these questions and get you some guidance. 

Or counter some of the taxes?? 

After subtracting all that from the 3333.00 , whats left is what you can spend on a mortgage payment including property tax, home insurance and mortgage insurance.

a single family to a multifamily property is perfectly fine.Lastly to your question - You must purchase at least as much replacement investment real esate as you sold if you want to defer all tax.  

@Josh Roman I have one that’s two houses with three units on one tax parcel linked to a second tax parcel that has always been on one mortgage.

Same school district, property taxes etc.

What liability do I have?

I think most of his flips are in inexpensive cities like Cleveland, Detroit area, etc. https://flipsystem.com/faq/I think $10,000 to $20,000 (before IRS taxes) is a really small profit margin.

About $900 a month after taxes/insurance/and misc repairs. 

You should make sure that the rental revenue meets all of your costs, including the mortgage payment, property taxes, insurance, maintenance, and vacancy allowance, since monthly rental prices might range from $1,000 to $1,600.Property Appreciation: Take into account the market's expected and past rates of property appreciation.