Again, feel free to contact me if you are not familiar with any of these concepts.Part of what attracts tenants to a specific property is meeting their "wants," which may be separate from their needs.

My only tip is to stay on top of the market rents in your area.

It's free.

Feel free to message me directly! 

@Lexi Blocksom If the burden of holding the property outweighs the long-term gains, a 1031 exchange allows you to defer all taxes, and you won’t have to recapture depreciation.This option enables you to use the deferred tax benefits to purchase nicer properties in areas with greater growth potential.Once you complete your exchange, you can immediately do a cash-out refinance if you need access to some cash, tax-free.

Hey @Antoine C. shoot me a dm and I will send you our free guide to Memphis zip codes, it will help you begin your search!

I assume the first house hasn’t appreciate much if at all and that’s why you didn’t sell it and take the tax free gain that could take 10+ years to overcome as a rental?

It’s a market that often flies under the radar but offers great potential for long-distance investing.And if you ever need help building your team or want some recommendations for reliable contacts in Oklahoma, feel free to reach out.

Feel free to shoot me a PM and I'd be happy to discuss what you have going on.

Or providing substantial services in conjunction with rental activities can subject to SE tax (hotel like services...room service, daily cleaning, meals, free shuttles etc).Being a REP just defaults the classification of the rentals from passive to non-passive.