We are/becoming real estate professionals and seeking to FIRE.

Has anyone found a good source to learn or is it best to learn from a 1031 exchange professional?

Maybe you’ll want to rent from now until May on a longer term lease, then switch to Airbnb type short term rentals so you can enjoy the cabin personally too.I also look at craigslist roommate / sublet prices to see if I can make more money renting the house furnished, by the room, to working professionals on 6-12+ month leases.

These guys take care of all my rentals, and I can not stress enough how professional, efficient, and trustworthy they are.

I would do a thorough title search.As always, seek professional advice.

Jose,Here is a list of "hidden costs" that may surprise you if you haven't been through this before:Closing costs when you purchase the propertyTitle Insurance Policies for you (and the lender if there is one)Miscellaneous closing fee's (survey, recording, etc)Loan origination feesHolding costs (during the time that you own the property)Builders risk and Liability insurance policy premiumsProperty taxesHOA feesUtility usage chargesBuilding permit costsDumpster / hauling chargesLoan interestClosing costs when you sell the propertyStaging (if applicable)Realtors feeClosing costs (depending on where the property is, this could be a huge cost) Professional fees for accounting, legal and taxesCapital gains tax on your profitI hope this helps you, and good luck!

I know I can rent it for 2+ times my mortgage but I also stand to make good profit if I sell, which is why I want to have a conversation with the right legal professionals to help make a good decision. 

A few grand in value add in a good market will add tens of thousands to your equity so consider that, too.If I was new, cf would be paramount and I'd have to explore tertiary or OOS markets. 

You need to contact local contractors about professionally removing the asbestos and possibly dealing with a leaking oil tank.

This is professional stuff against fleas and it's awesome.