My idea to achieve this is to convert the studio into a short-term rental.I’m trying to determine if I’m forcing this deal to work by relying on the short-term rental strategy or if it’s a reasonable approach given the numbers.

A Title Company can distribute the proceeds based on the agreement, and consulting a CPA will help calculate tax liabilities and explore strategies like a 1031 exchange to minimize taxes.

Glad you’ve joined us here, Zach.. can’t wait to see how your strategy unfolds!

I currently work in the turnkey investment world helping investors create a real estate portfolio, if you are ever interested in trading different strategies and goals, I'd love to connect! 

We run a Real Estate Notes Show where we speak with many of these types of investors teaching them different strategies. 

I'm happy to connect you with the lenders our clients work with for this strategy in the Austin area.

I’d be happy to connect and go over what I see my clients doing and what’s working, and what strategies are dead ends here. 

Currently it’s slow season and it’s even slower than usual from what I understand.We are thinking about how to build demand through targeted marketing strategies.

After watching some of the podcasts and reading posts I am set on starting my real estate journey utilizing the house hacking strategy.

@Tyler Speelman Your strategy to assist your sibling with a down payment while minimizing tax liability is creative but comes with complexities.