Hopefully we will be managing a handful of other STRs in the same market in the future.

Something that requires more effort than spackling small holes.

Think about your market and what people are willing to pay a premium for.

I tried attending one in my local market a couple of times but felt like I was in some hotel ballroom being pitched on how the 12 year-old kid up in front would teach us all how to run to the back of the room to swipe $10K on our AMEX for the secrets of real estate investing.

Our focus is on mid market 50-100 unit's but happy to help.

If you ever want to chat about the market, deals, or strategies, feel free to reach out.

@Joe Frank I’m a huge fan of Turbo Tenant to market properties, manage leads, screen tenants and lease up.

Hey everyone, I've been thinking about getting into the arbitrage space for awhile and midterm makes sense for my market.

One unit was rehabbed with $15,000 and a new leaseadded at market rent.

However, the property’s cost basis (what they originally paid) carries over to you, meaning if you later sell, you may owe significant capital gains tax on appreciation.Alternatively, selling the property at fair market value eliminates gift tax concerns, but your in-laws may owe capital gains tax on any profit.