A few rules to keep in mind as you get started: - To get full tax deferral, you have to replace the full value of what you sell. 

As a real estate investor, it’s crucial that you understand when and how to utilize bonus depreciation and 1031 exchanges in order to lessen your tax burden, keeping more money in your pocket.

Property management is difficult and if the manager discounts, they will not be able to keep talented staff and you will end up with a cheap manager who can not properly service your property. 

If you lived in it less than 24 months go ahead and keep it.

In a market where it is increasingly difficult to buy real estate, where expenses are going up, and rents are trending flat or downward, what drives you to keep investing in income properties?

Will keep an eye on it to see what happens.

We want to keep the momentum rolling into our second property, and want to take on a fix & flip project to try and recoup some of the cash invested into the first house.

One thing to keep in mind if you’re moving into the higher end clientele is they also have higher expectations.  

Just trying to keep my eyes on the long term benefits/costs as well as the short term gain of cash flow etc.  

Let me know when you are ready and we can keep an eye out.