@Ajay Bodas There is no formal timeline in section 1031 that says how long you have to hold the property before changing the titleholder.

I am extremely familiar with the area, I know that it can rent long term, and it is perfect for my family's current needs.

Hi All,Long time lurker here.

As long as you listen to your insurance company's regulations as well as your local ordinances you should be fine. 

For example I would take a 7% return over your product all day long.  

I'll usually eat $100 - $200 worth of touch-up cleaning for a long-term tenant.

Once you do this conversion you can't change it back to a traditional long-term rental. 

Hi Anthony, what's your biggest priority - cashflow or long-term appreciation? 

.- Realtor Fees: As mentioned, these range from 3-7% of the purchase price, plus VAT.Benefits for Service Members- Equity Building: Owning property builds equity over time, providing long-term financial security.- Strong Rental Potential: If reassigned, you can rent the property out in Germany high-demand rental market.- Tax Advantages: Germany offers tax deductions for property owners, which can help offset some costs.Key TakeawaysService members have a unique opportunity to buy property in Germany with minimal upfront costs.

Thanks, it all sounds good as long as I can avoid paying hefty taxes and generate cash flow.