Plan is to rent 2 unfurnished/6 mo leases + 2 furnished short term/AirBNB.My house just closed last week and now I'm in the process of fixing it up cosmetically (drywalling over old 50's ceiling tile, ripping up old carpet + refinishing the hardwood underneath, painting, new floors everywhere that doesn't have hardwood).

they deed me the property but the note stays in their name.

I wanted to stay in FL so I found the deal I wanted, and then shopped a cash out refi (I owned all six free and clear).

My parents have been staying there rent-free but they have a new place and so we want to consider doing a 1031 exchange.

@Cris Mullen House hacking is indeed great, but Jake expressed his desire to stay where he is at the moment.

I have been looking at 2-4 unit multifamily properties (3b/1.5b) in the Southington, CT area I did a site visit with my handyman.Property is in good shape new roof and deck, except for aluminum wiring and cosmetic items.This market has been very competitive the last year and decent properties don't stay on the market too long. 

@Arturo Perez Honestly, for a learning investor, I would recommend that you stay away from lower-tier rentals and Section 8.

. : we are almost a zoo).The tenant that I made give up their "Emotional Support Animal" violated the lease as soon as they had a dog stay at the unit without notifying us. 

Your existing 50% interest in the land will stay outside the exchange.5.

Stress testing your expenses in a worst case scenario where you need to replace a large ticket item down the line is a safer way to ensure that the property will always cash flow.Also the only thing catching my eye is the ARV stays at the purchase price even after putting in $5,000 for rehab.