Cary is one of the highest average household income areas in our market.

Is it better to keep one property that's producing well or sell one to get two and have similar results as far as income minus expenses? 

What are the places with both job growth, population growth and income growth?   

So I recently learned that some states don't have any income tax.  

@Darian Gore Here are the things that many CPAs support their clients with:Understanding tax impact of short-term vs. long-term vs. flip before you buyWhich entity structure is best for goals and investment property typeTax and compliance on LLC or S-CorpHow to transfer property out of personal name into LLC (hard to buy 1st through entity)Ways to optimize taxes throughout the yearHow best to set up accounting to track income and expenses (doing this late is a mess)Feedback on property management systems, accounting systems. systems, etcEstimated payments to avoid penaltiesKnowing when to file and getting things in on timeMaybe a few things I missed, but this is the high-level ….. if you can get answers to the above questions on your own, plan, and file your own taxes then you can avoid the expense of a CPA.

Income Flow: Is it feasible to have the rental income flow to the family member, akin to purchasing an annuity, thus providing them with a steady income stream?

All income and expenses will be handled by the LLC.

Your debt to income ratio (DTI) must be below 40% (depends on the mortgage company).

Is there a certain amount of income you have to make to be qualified? 

I have it advertised to rent now and I've got someone who is potentially interested in purchasing the house outright or doing a lease option. my questions are:1.) if I sell it out right, only having owned it for 4 months will I get slammed with self employment tax and regular income tax and not be eligible for 1031 exchange. or could I still call it an investment property and be able to 1031 because my intent was to rent it?