I understand that you want it to cashflow positively, but how exactly do you look for deals?

There are certain numbers on the report I don't understand how they are calculated.

For a flip, you should walk the property with a recommended and referred contractor to understand the rehab expenses.

My understanding is they are very efficient in moderate climates but in areas where you have extreme temps, they may not be as effective as you want.

My questions are:ABOUT 1013 exchange : I understand that I have to exchange a two family for a two family, but if I buy a two family and make one of the apartments my primary residence, will I still have to pay capital gain taxes if I sell in let's say in 5 years? 

I don't want put all my energy into chasing the money, so I understand to trust the process. 

I do not think this was a major strategy killer, but the house sat empty during peak rental time (Summer before school started) and is still vacant at a price above Proforma.Some Observations: Closing costs came out to be much higher than the proforma estimateTaxes were spot onProperty Mgmt. fee spot onThe vacancy is listed at 4%, even though PM says I takes an average of 45 days to rent, so it’s a broad average I’m assuming after tenant leases or across all their properties.They advertise 2-year leases during the tour and most turnkeys are rented prior to closing, not the case for my property, still vacantOne inquiry has come in for a family whose house burned down, but they want 3-month lease smack in the middle of winter for another renewal, not optimalNeither the marketing department nor PM inside Reedy was very proactive as far as communication.

Make sure on your rental agreement that people understand they are renting a room with shared access and responsibility for the common areas.

Without that experience it will be hard for them to truly understand and fight for your unique and specific needs as an investor.

Wait a bit to understand how your property performs and readjust your strargey for next one.