I'd also love to see if there's anything buyers or sellers are worried about or excited for in terms of how the market is trending.

In terms of your questions see below: 1.)

Understanding how to screen tenants, collect rents, find vendors for maintenance, knowing what is allowable and illegal in terms of your landlord and tenant laws.House hacking can be a tremendous starting strategy, but there are a lot of variables that are hidden beneath the surface.

Not so much in terms of pricing.If the ARV for the entire thing is 300k and you're paying 250k,thats not much of a discount there.

Ralph Hogan In terms of your question raised, you can always 1031 exchange your net proceeds into another asset down the line if you wanted to sell the asset past the 3 year mark that Paul Morgan identified.

I noticed some of the best properties are multifamily units in terms of pricing to similar singe family homes.

I can't speak for other rehabbers, but I like to ensure that my properties are a little nicer (and have some appraisal-enhancing features) versus the other properties in the area.On the rare occasions I'll get an opinion of value, the goal is to determine not what the after-repair value is, but to determine what I should be doing to the property to get the most bang for my buck in terms of resale and appraisal value.I'll sit down with my appraiser, and he'll tell me what the property is worth if I do a typical renovation to match the neighborhood, and then he'll make recommendations on what I can do to increase the resale value and the appraisal value at retail, as I don't want the resale value to be limited by the appraised value.My appraiser is more of an adviser on what upgrades I should do, in addition to just giving me his opinion of value for different levels of rehab.If you want to help investors, that's what you should strive to do...not just do a standard BPO that may or may not reflect what the property will look like and that doesn't help the investor determine what renovations should and should not be undertaken.You can value the home in good condition and compare it with like comparables from around the area.

I've found that after 90 days or so, the lenders tend to get a little bit more reasonable in terms of sharing information (like net payoff) and trying to work with buyers to get the deal done.

So, as long as it's more than one year from the date you purchased, you are okay in terms of time limit.That said, there are other variables that contribute to what type of taxable event this will be -- the IRS cares as much about intent as they do about time limit.

How much is that going to cost you in terms of assets/cash in that LLC?