@Dave Foster is a great resource on 1031 exchanges. 

Any guidance would be helpful! 

These can help you build capital while gaining valuable experience.

We’re used to practical, bread-and-butter multifamily, not luxury one-offs, but we said yes to help out.

There are two requirements to claim REP status1) 750 Hours2) You spend more time on real estate than other activities such as your W-2 Job or BusinessYou want to work with a tax professional who will be able to advise you on what hours count and what hours do not count.Furthermore, the CPA may have a nice worksheet that you can use to help you document your hours.Best of luck!

This will be the perfect storm for another crypto bull run.If you’re still playing by the old rules—W-2 income, stock market investments, and zero tax strategy—you’re gonna get left behind.Part 3: The Moves I’m Making Right Now (7:00 - 10:00)Here’s what I’m doing right now to prepare:1️⃣ Stacking up capital for real estate deals BEFORE policies shift.2️⃣ Building a bigger investor network—because when the floodgates open, I want to be ready.3️⃣ Structuring my business entities to take full advantage of tax benefits.4️⃣ Focusing on industrial real estate—because if Trump brings back U.S. manufacturing, that’s where the gold rush will be.5️⃣ Using my legal and investment expertise to help investors navigate and WIN in this new economy.6️⃣ Investing in bitcoin and crypto as Trump is pro-crypto and creating massive tax shelters and deregulating.This is not about politics.

I would introduce yourself to the parents (really all of the neighbors, it is a good thing).The parents will help keep the kid on the straight and narrow plus it helps show that you are a responsible STR owner working within the community.

Mine (in VT) was $1,000.Hope that helps and good luck!

I suggest finding a good insurance agent and a good attorney/CPA to help you get everything organized.

Maybe we can help each other in some way.