Good rental market* ( BP won’t allow me to edit my post title. )Hello,I'm looking to invest in a property for house hacking or to live in for 1-2 years before converting to a rental.

Once the 1031 exchange is completed (again assuming 1031 compliance), I can continue to rent the property indefinitely or at any point after 2 years of rental, use it as a primary residence and thereafter living in the property for at least two years qualify to use the Section 121 Exclusion to eliminate capital gains entirely (gains estimated to be about $70 K, well under the $250,000 single filing limit).

Any suggestions or incite on how you track your rentals would be appreciated!

Have a few projects right now - also started buying out of state rentals in Detroit.

Currently reading The Book On Rental Property Investing by Brandon Turner.I am eager to real estate investing and would be happy to network and learn more.

Why do you think you can learn to house hack and do midterm rentals right away there?

Purchase price: $85,000 Cash invested: $12,000 We bought our first Rental through an Online Auction.

I have a property that I used as a rental property for about 18 years where I claimed depreciation year after year.

Am thinking of converting a long term rental to a medium rental. 

Rentals are a GREAT way to expand your portfolio and even more so around military bases.