Now, I am not telling you to be fraudulent, but operate within the rules. 

To me it would only make sense to keep your current property if you believe there will be more price appreciation on this property than another one you could buy with more cash flow, but that's a gamble.

If someone “gifts” an asset to you, and you “gift” cash to them, it is a fraudulent transaction and subject to being “unwound” by the IRS.

.- Cap gain rates increase is only for incomes over $1M- 1031 repeal is only for gains over $500kNo details on either of those thresholds are yet available, so we all have way more questions than answers.Preparing for something that may or may not happen and has no defined form is a gamble.

Sure, it sounds innocent from the story, but it always made me question why my boss was maintaining that relationship... of course, it was a little different because this guy was caught as the originator on the fraudulent loans, not the owner of the properties (they also were busted).

I had the capital and I did enough research and I didn't feel like I was gambling.

I had the capital and I did enough research and I didn't feel like I was gambling.

I feel like this was a big gamble for the OP because if other STR landlords are irresponsible, the association could stop STRs- but he should be fine if he has to transition to long term and rent a room at the hotel when he’s in town. 

It also would be a weird letter to send to a lot of the duplexes here in town, because most of them are in subdivisions full of identical properties.At this point I think it's basically gambling unless you're committed to mailing the same addresses 8-10 times minimum over the course of several months.

I have a question regarding turnkey SFRs. Say a house is being rehabbed to be sold as a turnkey and the seller/rehabber gives a scope of work to a bank/appraisal company to show what’s being done or going to be done. ...