And you're right about avoiding weekly travel—sound systems can save you time and stress!

It sounds like you’re in a great position to start your real estate journey, especially with your brother as a built-in renter.

They uncover a lot of problems with these properties.It sounds like you have enough to work with to appeal their process.

A furnished LTR model sounds more appropriate for students as there shouldn't be much movement outside of summer months.

A subsequent cash-out refinance of the replacement property (e.g., $250K on a $1M property with a $500K loan) is treated as a loan and generally has no tax implications related to the 1031 exchange.

For instance, states like California, Oregon, Montana, and Massachusetts have "clawback" provisions, meaning they may tax deferred gains if you eventually sell the replacement property and don't reinvest within the state.

@Giacomo Matthew Degl'Innocenti   Sounds like you should buy instead of rent 

Sounds like if I stay conventional then my best rates will no doubt be the 25% down options. 

Bottom line....sounds like a scam. 

Launching an Airbnb in 2021 and now earning your broker license are both huge accomplishments—it sounds like you’re building serious momentum in your real estate journey.It’s great to hear how much this community has helped you, and it’s exciting that you’re now giving back by helping others achieve their goals.