It’s unnecessary and potentially problematic to add the ex-partner to the title before the sale.

., known for its upscale appeal and strong demand for vacation homes.Properties in the Hamptons attract affluent buyers and renters, offering a high potential for appreciation and steady rental income.he property may have been undervalued due to its condition, presenting an opportunity to add value through targeted renovations.

Back home I would make a packet for my appraiser and never had a bad appraisal due to the that I specified the value add and the Reno amount and broke it down so they saw the potential and it always worked.  

At a 7% annual return, this could grow to $908K after 10 years, providing immediate liquidity and diversification.Alternatively, holding the property could yield $825K net equity after taxes in 10 years, assuming a $900K sale, with the potential to defer taxes via a 1031 exchange if reinvested into another property.

I’m really interested in learning more about your experience.I’m curious about the potential downsides and challenges you’ve encountered with this system, especially when it comes to picking neighborhoods.

Secondly, short-term rentals provide flexibility for owners, allowing them to potentially use the property themselves when not rented out.

One potential mentor I had one phone call with and never contacted him again. 

Also send me some details on your service offerings, I am potentially looking for a new tax accountant.

If the property has solid appreciation potential or you're building equity while learning the ropes, it could still be a good deal.

Additionally, the price point is still cheap enough to find the 1% rule and positive cash flow and there's amazing appreciation potential.