The tenant was supposed to be gone by September 30, but they are still the property requesting additional time to move.

Is anyone traveling with kids and would like to share how they plan to manage their schedule there?

Hi All,I need to start ordering tenant background checks directly instead of through my property manager (for reasons I don’t need to go into here).

Any other strategies for using 1031 money in this situation or is it only for purchase of a new rental property?

Am buying a 5 unit property for 400k and I'll need about 100k to close and then 100k to renovate.

@Saurabh Kukreja we don't recommend investing via zip codes - too broad of an area.We've mapped out all of Metro Detroit and categorized Cities & Neighborhoods by Class A, B, C, & D.We take assisting investors very seriously, just read below:Recommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a Class A property in Class D area, what quality of tenant will you get?

I'm on the Nevada side of Lake Tahoe and the permitting is much easier here, Reno also has good properties for STRs. 

I was going to run an STR in the home and he would enjoy a higher rent than from a regular LTR rental AND he would have the property managed too.All was going beautifully.

Be prepared to justify this to the seller, perhaps by highlighting the extensive rehab costs.Rehab Costs An $80K rehab budget on a multifamily property is substantial.

But is this not in a big way defrauding banks  lenders or property owners managers when they pull credit on this person.