From my understanding, as long as you intend on doing a STR when you close, there are no rules against changing your strategy after closing, especially if you find that something else is more profitable.So in our case, the lender determined an STR would bring in ~$3500/month (with all of their conservative factors), but now that we operate it as a huge 3300 sqft Co-Living property, it actually brings in $7000/month.

You are taking over for someone who didn't care at all about the rules and you want the city to just be like, "yeah, this is fine"?

If you are looking to do under $2M a year then I would just join some facebook groups  and network at a few events as that is very easy to find.

Haverhill is another interesting area with reasonable home prices and a lot of municipal developments in the works (also the commuter rail and easy access to major highways).

But it seemed to me that their simple system would be easy to apply to the general REI market and make it work well.I took my time and went through the course over the full four weeks that they allowed me. 

If investing in real estate was easy, everyone would have passive income.

The general rule is: to anybody who was paid by you for services (work) or who received a profit distribution from you – if he received from you a total of at least $600 total during 2023.

There are several basic rules for a 1031 for identifying properties, timelines, and uses. 

Nice having all my information organized and easy to find as well.  

You might make less, but you cut a lot of costs, make the 1031 exchange easy and maybe worthwhile.