Partnerships can also be powerful if you align with people who bring complementary strengths, like capital, construction expertise, or deal sourcing.In my case, I started with buy-and-hold rentals, but now our co-investing club pools capital to partner on larger projects together.

@Ryan Rollins read this until you memorize it:)https://dca.georgia.gov/housing-choice-voucher/landlords/geo...

As others have stated, I would be very cautious jumping into a larger multifamily property starting out. 

I have found the larger PM companies are more difficult to deal with.

If I have the choice of paying $50k to the IRS or paying $10k more for the replacement deal, the choice is pretty easy. 

Sounds like they are liquidating but if they were to 1031 into something larger and pass along to heirs that heir can benefit from the step up in cost basis to avoid the tax 

We decided to rework the floor plan to make the primary larger with a walk-in closet and a larger bathroom.

Larger properties allow cost segregation and bonus depreciation, offering major tax deductions.

Your primary home is not an income-generating asset, and therefore a 50-year loan is not a smart choice for anyone looking to take a solid financial route.

I would save up and focus on getting a larger next egg.