Cleveland is a great market, but hopefully my warning here will help you avoid the headaches I endured.

I live in a town of about 100k people here in Dothan, AL, so STRs aren’t the most popping market.

Bham is a great market.

You could charge them market rent, but it may not match your Airbnb earnings.

Plus how did he go there he must live there or close so your only working one market.

They would likely be able to confirm that your expenses are reasonable for the area or that your rents are at market rates.

However my market is currently Arizona.

It sucks but is the best way that I know to hit the fast forward button on your investing journey - especially in the current market.

Here are the markets I’m exploring:St.

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.