Vacancy is costly and while there is no way to guarantee one tenant is going to stay longer than another, talking to people and learning a little about their life and situation should give you some clues as to how long they might stay in your place.The probability of you getting a home-run tenant right off the bat is pretty low. 

I was just under contract for a duplex that needed 2 repairs prior to closing that would have cost in the $7500-10,000 range.

I would like to express my gratitude to Jack and Russel, who have been gracious with their time and provided valuable guidance related to the DC Metro area.My Strategy:- Invest in rental properties below $400K with a Cash on Cash return of over 6% and an ROI of 7%- Consider flipping opportunities for properties costing more than $500K with an ROI of 7% or higher- Prefer to stay in the DC metro area but i understand that its a tough market for investors.

Both of them are by the bedroom and this new one I just completed a master bedroom build added on to the back of the house with a private entrance for myself so I’m currently renting out the other 3 beds.Which cost me thousands more than I expected due to contractors not performing like I had expected etc etc. 

You will eventually have a house earning $1,000 a month or even $1,500 a month and the property value will be $200,000 more than you bought it for.Instead of incurring more costs by selling and then buying a new property, focus on keeping this one forever and saving up for the next purchase.

I suggest you read up on the BRRRR method (Bigger Pockets has a good book on exactly this).

Have you owned horses and understand the liabilities and costs?

There are some new hits that were recently announced from Fannie Mae for the LLPAs (loan level price adjustments) that will increase the cost/rates for second home financing.

While considering doing a 1031 exchange into a Delaware Statutory Trust (DST), I read that upfront costs for a DST can range from 10% to 18% of the invested equity.

@Andrew McGuireI am not here to promote or denounce your above method of choice.