If placed on a pad, they gain appreciation and can have a HELOC pulled on them just like a standard home.

By win I mean where you had all of your investment and profits out - how much was your net gain?

Gain experience, then duplicate your success in another property. 

It's possible to sell it with a T12 to the next investor but it would caused paying capital gain tax, so it can be hold for 2 years to avoid this. 

Understanding one another's difficulties can lead to better solutions.Make sure that any modifications to the rent payment schedule are noted in writing, perhaps as an addition to the lease agreement.

@Jalen De Leon - 1- costly tax planning or entity structuring... you might not benefit from this much yet2- Whoever you choose will request items listed on Sch E and maybe some additional things like closing statements and property tax bills.3- Simple!

Some facts of the house:Location: Nassau County, NY, Town of HempsteadYear built:1929Purchase price: 290,000 in 2013Condition: AverageLot size sqft: 5000Livable sqft: 760I'm seeing several houses in my zip code that have been demolished and rebuilt into new houses with the maximum allowable livable square footage selling between $1.0M- 1.2M.Which is a better option taking into consideration, profit and capital gain tax (assuming my household income of 80K)1) Should I sell this house as is at $450K2) Demolish this house and rebuild it without taking out a loan.

Biggest concern is how to gain cash flow in the current economy with high house prices, increasing interest rates and flat rental rates.

Collect interest and payments over time while maintaining an interest in the property.1031 Exchange: Sell a property and reinvest the proceeds into a similar property to defer capital gains taxes.

Fortunately, I'm lucky enough to have family members who are willing to lend me the additional funds to kickstart my investment journey.