Before hiring a professional and paying for advice, I would continue to do research here and use the advice that's free.

If you're dead-set on OOS REI, then I'd suggest studying up on the books, articles, forum posts, videos, etc. on the subject, and talking with as many OOS investors as possible (ESPECIALLY inexperienced investors who tried OOS REI for one of their first deals).

We are looking forward to meeting new people that once sat were we are now and continue to pay it forward with our knowledge gained over time for this great opportunity.

Then you could determine how far you want to go with the project vs your capital vs partnering with someone to help make the vision viable.If you want to shoot me a DM we can talk further.

I talked to 2 very honest PMs after I had closed on the 2 Indy homes - I should have talked to them before. 

You can use a Heloc if you have one in place just make sure you are talking to an experienced Banker or Loan officer.

I would talk to a Mortgage Broker on different loan types that would be beneficial.

Eventually, to scale, you'll want to continue seeking opportunities with more cashflow.Regarding 1031, IRS deems property that is "held for resale" to be ineligible for a 1031 exchange.

But if we are talking a $800 deposit it is $8/year.

Some say continue to claim depreciation.