I will say having that passive income is tempting but it would come at the cost of doing a full blown condo conversion to free up the capital.Anyways, am I thinking about this right? 

Maybe I moved in to it for 2 years with my wife and then sold it so 1/2 of the $ 1million was tax free and then did a 1031 with the remaining $3 million to pay zero taxes, if I was smart. 

This might strain the schedule for your project.Risk: Significant financial losses, including the possibility of losing your property in the event that you fail on the loan, might arise from a repair and flip project gone awry.Due Diligence: To make sure a hard money lender is respectable and reliable, it is crucial to carry out extensive research and due diligence before selecting one.Before proceeding with a hard money lender, consider your financial situation, risk tolerance, and investment goals carefully.

I agree with the above replies, read through your PMA thoroughly.Feel free to connect.

By the way it is free for a tenant to place a lawsuit in the city..Thank you

Feel free to come check it out and network with other investors like yourself just getting started.

You could easily manage a significant volume through a free Google Voice number and an email address.Considering that most residents lean towards email and text rather than phone calls, you can periodically check those messages or any voicemails left for you.As your business expands, you might want to consider implementing an efficient property management software.

It can also be a great selling/renting point.Feel free to reach out if you have more questions.Best of Luck,Alex Furini, RA

I just bought my first investment property (duplex - one rented, one free) and had a few questions.

Lots of options feel free to shoot me a message.