You need to compare your cost of living, and overall personal cashflow each money with your current situation vs. this potential new acquisition.

On the other hand, renting out the entire home can simplify the management process and reduce the potential for conflicts between tenants sharing common spaces. 

1031s cause you to overpay for your properties" or "I love 1031 buyers, they pay they most for properties"Both are emphatically FALSE.It is true that some 1031 buyers overpay for their properties because they are unorganized and undisciplined - BUT 1031s aren't structured in a way that "Makes an Investor Overpay"Here is our advice to clients so you don't "overpay"Before the 45 day identification clock even starts you can do the following:1.

Squatters squat because the potential reward exceeds the potential punishment.  

Here in Florida, our most common contract states:"Buyer will pay cash for the purchase of the Property at Closing.

Is one more attractive than the other to potential tenants?

Currently I’m new as far as leveraging what I have and moving forward from finding potential great deals to closing deals with creative financing.

See Renofi as a potential avenue which appears to be geared towards homeowners looking for renovation funding.

I’ve seen folks spoiled by the optionality, and I’ve seen folks who have been given a lot maximize their potential with it.I look forward to learning from the people on this thread.

Would I be better trying to purchase a townhome somewhere in the DMV with a basement that I could potentially rent out?