In a few years it was worth twice what I paid for it, so I sold it and moved up.Now I ain't all that smart, but even I can see a good idea when it smacks me in the face.....

But be prepared for a whole lot of work, time commitment, and education along the way, especially if you're not already experienced.For me, I have found by far the most effective way is to hire the right property management company and then properly manage them. 

I think you have a good idea. 1031 to something that you have researched that you feel more confident in. 

There is a fantastic group call WREN (Women's Real Estate Investors Network) It's essentially a REIA for Women to swap ideas, share stories, network, etc.

@Caleb Hood - Good on you for picking one of the best ways to get into real estate.From my perspective, you will not be able to cash flow a house hack deal in Houston proper with interest rates being where they are today, unless you buy something that is EXTREMELY worn down for a low price.

It is probably not worth the trouble but if he really has not represented you properly file a complaint agains the Bar commision (or whatever it is calle in CA)For other sreading along, learn the laws and risks before you start this business.

Exploring the idea of buying and renting out a Rehoboth beach condo sounds like an exciting venture.

As you have a discussion with an attorney, discuss the following items1) What is the proper allocation of profits / losses to each partner / member2) What happens if a member dies?

That is a great idea, thank you for the recommendation!

No idea if they still are but you can catch specials on HELOC's.