Each of your homes will start at a lower cost basis and you will get slightly less depreciation each year to offset but you have spread that depreciation over multiple properties so now selling any one property will result in less impact on taxes than just selling your first without a 1031. 

Quote from @Paul LaValley: I live in Tucson and know Tucson really really well so I want to start here and then jump up to include Phoenix area. 

What is a goal you have as you start learning about RE investing?

It’s impressive how you took this single-family fix-and-flip from start to finish, self-financing and managing the project as the GC.

As a broker, you’ve already got a strong foundation, which will give you an edge in finding and structuring great deals.Since you're in Chicago, have you considered house hacking as a starting point?

BiggerPockets is full of resources designed to help you along your journey, whether you are just getting started or a seasoned investor.

You will get many benefits if you start honing on what/where you're trying to do with your next investment. 

If the floating rate debt starts costing too much and there is no capital to replace a rate cap, reserves run out.  

Any LLC we start in the future will be held in the trust.

If you just hire the cheapest or first PMC you speak with and it turns into a bad experience, please don’t assume ALL PMC’s are bad and start trashing PMC’s in general.