Quote from @Mo Karim: How are the Milwaukee burbs market?

Have you had an appraisal done recently, or do you have comps to estimate the property's market value?

There's no precise figure because no one will understand your STR or market as well as you do- or, as well as you will (with time).

It is very important that the Wrap Mortgage is written at market terms using a knowledgeable attorney, an RMLO, and a servicing entity.These have risk and I'm not saying a new investor should go out and do them. 

I am looking to do AirBNB Arbitrage in Lancaster area as it is the closeby market to me.

He is the foremost authority on Private money marketing.

Are there wholesalers in your market you can ask if you don't want to talk to a lawyer for some reason?

I’ve built relationships with brokers who specialize in Harlem, and one of them brought this off-market deal to my attention.

Here are a few thoughts on what makes for a successful cold calling VA program:• Rigorous Screening & Training:Ensuring VAs have a solid understanding of your target market and messaging is key.

However, purchasing the replacement property from an estate where your mother-in-law is the executor and other heirs are your wife's aunts and cousins raises potential related-party concerns under Section 1031(f).The IRS generally prohibits 1031 exchanges between related parties unless both the buyer and seller hold their respective properties for at least two years after the exchange.To stay compliant and avoid disqualification, ensure:The estate sells the property directly before any distributions to heirs.You hold the replacement property for at least two years.The transaction is conducted at fair market value with no prearranged agreements.Given the IRS scrutiny of related-party 1031 exchanges, consult a qualified CPA or 1031 exchange accommodator to structure the deal properly and avoid potential capital gains tax liabilities.This post does not create a CPA-Client relationship.