The Airbnb paid for almost all the expenses of owning the home and my "rent" was just putting $200-300 away each month in savings for maintenance and capex.

I have worked with Section 8 housing in Tampa for the past 20 years.

In case it is important, we are based in CA.Administrative Requirements: Are there differences in ongoing fees, reporting requirements, or other administrative burdens between the two states?

Be aware that in many areas this process is neither cheap nor quick.

Realtor in Maryland and Delaware.

@Rene Hosman with Stessa I was able to connect my banking activity and import all the transaction.

A 1031 exchange is a great way to indefinitely defer the tax and use it to grow your RE portfolio, and build long term wealth.The most important factor in a 1031 exchange is that your qualified intermediary must be in place prior to the closing of the sale of your old property.

That's exactly what I'm saying, pay off your entire balance before the statement closes (option 1), not on the actual payment due date (option 2)                                                              Option 1               Option 2Prior statement balance on Nov 1             $0               $5,000New charge on Nov 5                         $10,000             $10,000Paid on due date Nov 10                             $0              -$5,000Paid on closing date Nov 30             -$10,000                      $0Statement Balance on Nov 30                    $0              $10,000The ultimate goal is not to pay off your statement balance in full each month. 

I'm interested in learning a bit more about typical vacancy percentages, size of the local population being serviced, reasonable percentage of effective gross income for expenses, etc. as well Peter.Hopefully some experienced member(s) will sound off!

I wouldn't say you're going to learn as much going through an online course as you would an in-person one, but it is a lot more convenient.