This strategy could help him boost retirement income while avoiding capital gains taxes, but consulting a tax professional or 1031 specialist is essential to navigate the process correctly.

@Lacey Bediz I owned bed and breakfasts for 25 years which are essentially similar to STRs.

https://www.biggerpockets.com/forums/12/topics/1171104-the-m...Agree with all the other posts regarding cashflow essentially being a function of how much equity you put down,  and leverage is more expensive now.

I have found that a good rule of thumb is $10k for all your furniture appliances and essentials for an average unit, plus another $2k - $3k per bedroom.

So he wants a camera on his car for safety reasons and it just happens to get the other unit in the picture....

You typically don't want to do any renovations before the 2 years is up...just basic safety and securing the property.#4. 

Curruthers illustrates how trust, communication, and mutual respect are essential elements in fostering these connections.

It’s essential to evaluate whether the potential rental income aligns with your financial goals and if you can manage the ongoing expenses associated with property ownership.On the other hand, flipping a home could provide a more immediate financial return, especially with your access to a private loan and mentorship from an experienced developer.

Hey @Debbie Palmer, so I am with @John Underwood on calling.https://www.loganutah.gov/government/departments/community_d...There are several folks listed on that site that should be able to advise.I will say that she will essentially need to clear out all her personal and important things.

In actuality, I think it poses a safety risk to the neighborhood.