Exit Strategies:One concern on my mind is planning for the future – what are some effective exit strategies you've seen or experienced in co-owned properties?

Any recommendations or insights on how to find the right fit would be incredibly helpful.Tenant Screening: Lastly, I'm curious about effective strategies for finding high-quality tenants, especially when renting out rooms individually.

Selecting areas: Look for neighborhoods with high growth potential, amenities, and public transit when choosing places for house hacking, especially in big cities like NYC.

If I had spent 30k to get going 4 years ago it wouldn’t have any effect on my today.

You are looking to expand your portfolio: A 1031 exchange allows you to invest in larger properties or multiple properties.You have a long-term investment horizon: The tax deferral from a 1031 exchange can have a large snowball effect.

We advise landlords to require two main criteria:1) Household income should be at least 40x the monthly rent.2) Applicants must have a credit score of 680 or higher.It's also important to review credit reports for red flags like rental collections or high credit card balances.

I want to know if  there is a high demand and if homes are renting easily.  

It's high risk potentially not so high reward situation. 

Unit A is about 100 years old and Unit B is almost completely new.Pros:-The duplex is in a very desirable neighborhood with home value appreciation year over year at about 50+%-Rent is also in high demand within this area-Cash flows well even with high interest rates and increasing property taxes-Home is price below average cost per sq ft-The house has been renovated and some parts of it has been remodeledCons:-All issues are with Unit A, the 100 year old unit.

even with a lower purchase price that's probably 1/3 of DC's they still mostly still don't work - rents not high enough, too much deferred maintenance, not in the right location, or all of the above.