That will make it easier for renting the long-term rental for sure because you can advertise the base rent, which is comparable to market rent, and then state that utilities are included for the utility fee.

If the property is vacant you can use the market rent from the 1007 to qualify.

Some options I've considered: - Forward 1031:  Seems to have timing issues (unless my purchase offer has a contingency, which will most likely make my offer pointless in my market).- A reverse 1031: Complex, and possible financing issues for the initial purchase before selling.

I'm just beginning research into this market so if anyone has any insight into this area and what to know investing out of the country, I would appreciate it!  

I’m not as familiar with the tenant market up that way, but if you’re interested in the Syracuse area, multi families are endless possibilities! 

In fact, our property management company required the certification before they would be able to market the properties. 

In the current market we are doing majority with no prepayment penalties since there may be an opportunity to refinance if/when rates comes down.  

The point is, in these types of markets, original or slightly enhanced kitchens are adequate.

My focus, as I begin my journey in real estate investing is building a solid foundation through education and thorough market research.

At least here in Reno, they're super helpful. 3) You're probably going to hear a lot about FHA 203K loans - I have not seen anyone do one successfully (again can be very area specific).