Our household income is currently $320k pre-tax, but I might be getting a new job soon, which could bump our income to around $380-400k pre-tax.Initially, we planned to buy a property and convert it into a duplex, but with houses in our area starting at $650k, we've started considering a different approach.

David Wright with Atlantic Union Bank teaches investor seminars in our market about how to buy the most number of properties with the least amount of cash using government backed loans. 

I decided that I wanted to take advantage of this benefit by buying a property to eventually rent out (after meeting the 1 year primary residence restrictions).

Something like 95% of chapt 13's fail and are converted eventually to chapt 7.While in a bankruptcy, the court decides what you can and can't buy.

Milwaukee born and raised—I currently live in Madison but I still travel to Milwaukee frequently and its where my family and real estate business is.My faith in Jesus Christ is a huge part of who I am and guides everything I do.RE InterestMy Real Estate Interests currently included, small multifamily buy and hold, house flipping, house hacking, and BRRRR.

That would be very typical work an investor would do when they buy a tax sale property.

After a tenant MoveOut, many properties also need touchup painting (or more), blinds replaced, tubs recaulked, trashout, etc.Most individual investors mistakenly only focus on the lowest price, so not a good target to build a business on.

The biggest mistake many make is purchasing their first property in low barrier markets with poor fundamentals  solely because the real estate is inexpensive and it’s the only place where they can afford to buy.

Investment Info:Single-family residence buy & hold investment in the White Mountains of NH.Single family buy and hold property with the primary goal being STR income and appreciation.

@Vladimir Kotomin, with your time horizon and expertise, you're looking at the two most common replacements for a 1031 - DSTs and if you don't want the DST then an OX investment.