Hi, I have a fully renovated house in Arizona for which I am looking for a residential assisted living operator to lease to.

Your title implied that you might not do that step.To your question, I think the first factor I had always taken into consideration is: do you live in the house?  

I feel as though I'm a bit priced out of the multifamilies here (at least in the towns I want to live in). 

Hi Rigel,Welcome to the forums - I'm new here as well.House hacking is a great way to start - I'm not the first one to say this, but you have to live somewhere, so you may as well get a start on investing while you're at it.

Do you plan to live in one of the units or prefer to keep it fully as an investment?

Hi all,Can I use a FHA loan on a small multifamily (2-4 units), as long as I live in one of the units for at least 12 months?

Regular vacation properties and second homes can struggle to qualify for a 1031 exchange, but this property in La sounds like it might live in a gray area.Your first step is to make sure that this property is a good candidate for an exchange.

Hi Megan, I have a couple colleagues who live in West/Summerlin and they love it.

As long as you aren't too deep into the negatives, with the house hack you'd be living in a property at a very small initial investment (compared to 25%) down while having a reduced mortgage payment as you gain equity in the home, and in TX it'll be quite a bit more than most other states in the US.

I live in Montreal in Canada, one of the safest countries in the world.