Protection from Nursing Home Costs: They also mentioned concerns about Uncle Sam taking my assets to cover nursing home costs.

Purchase price: $640,000 Cash invested: $1,200,000 Turned a shuttered and rundown 13-unit waterfront motel into a brand new vacation destination with added lakefront "tiny homes", for a new total of 20-units with yearly gross over 500,000 and cashflow averaging $40k monthly.

.- Improve Property Management Efficiency: Since you handle management yourself, consider investing in property management software or hiring a part-time assistant, even a VA.

You cannot exchange into improvements on property you own. 

I found my first investment by telling everyone what I was looking for (off-market single-family home, fixer-upper or hoarder house, etc.).

Pay for a home inspection and cross reference your bid with that.

@Joshua LeeI suggest buying a single family home that you could rent out an ADU or rent out the rooms.

Would also love to hear if any tips from people who have done something similar in any area.

I am happy to connect; my value adds are mostly for distressed investing, flipping properties, real estate agent work on the aforementioned and building custom homes from ground up.

But it seems that property taxes will increase extraordinarily high next year and coupling that with expensive home owners insurance.