No decision so far.Personally, I think the real logic of the FCAs review is to force investors into REITs if the investors really want liquidity.

You still make some decisions, can exit again at will again using the 1031 rather than being tied up for 7-10. 

If you can own the property and pay a similar amount for a similar lifestyle, it's probably a good decision (assuming you can afford it if it doesn't go perfectly, needs repairs, etc.)With house hacking the rule of thumb is: The more uncomfortable you're willing to live, the better the numbers will be.

First off, consult an attorney.I think Jonathan may be incorrect as ESA are protected in Los Angeles (maybe not in NJ).

The investors with no experience and no money who want to buy real estate go down rabbit holes that lead to misguided real estate advice and bad investment decisions.  

Just because your inspector found these items doesn't mean he found them all.The simple fact that the foundation was incorrectly done, that leads me to suspect that there are many multitudes of issues within.

If you don't need to sell to buy out there, you want to see what your cash flow would be when you leave before making a decision.

I think the idea of owning your house at all costs has had it's day in the sun and people are waking up to the fact that renting is often times the financially sound decision.

Holding onto it is a smart decision, and you're entering property investing in a solid position.To get started, focus on ensuring that the rental income will cover your mortgage, taxes, insurance, and any maintenance costs, leaving room for profit.

Making an emotional purchase decision on an investment property and ignoring the numbers.