Let Katie (or someone else who takes the time to ask you all the necessary questions) be your definitive answer, but in general...1.

It’s an excellent place to start, and can answer many of your questions.

The answer to this question may indicate whether it falls under any exception to expense it in the current year.

Hi,I don't have enough experience to answer your question but the scenario you're posting is very much in line with something I'm being offered for a 1031 possibility.

and the applicant answered "yes".

It’s an excellent place to start, and can answer many of your questions. 

I would be happy to answer any question you have about the Memphis market. 

This is somewhat relevant in answering your question.You mention you are a first time home buyer. 

Plus, Sponsors will also be more eager to answer your questions when they're trying to woo you to invest in their projects.Before beginning, I would suggest developing your investment criteria and risk-return expectations.

Go bigger because you can do the math that these little sfhs are not the answer.