It's tied right into our PMS and the rental agreement is very robust!

@Pradeep Roy both are great markets but I prefer the Memphis because it's a more robust economy and there's a higher probability for appreciation.

The best documentation in the world won't help you strategically plan how to use your 1031 opportunity if the QI isn't responsive to in a timely manner.Demonstrated experience and nationwide footprint I would toss out as the two most important criteria. 

We get a lot from booking.com, but there’s also a lot of strategic bookers, who will book multiple places and then cancel at last minute, it screws everything up with the other OTA’s algorithm.  

However, that doesn’t mean that there aren’t strategic ways to lessen or defer your taxes!

The inherited property seems like a valuable opportunity for you to venture into real estate investing.Considering your interest in small multifamily properties for long-term cash flow, that's a strategic approach.

First of all I would recommend you to reach out a realtor that can help you with your strategic move.Depending where you are I can help you, you can reach me out via dm.

Any tips or resources would be greatly appreciated.Tax Professionals: I'm in search of a strategic tax professional who specializes in real estate investments.

My 6 month goal is to create a strategic real estate investment plan,  build my foundation of knowledge via BiggerPockets podcast/ webinars, and continue to save (I will have 60k cash to invest) My one year goal is to make my first real estate investment purchase.This is very vague, although I am currently reading Brandon Turners book “Rental Property Investing” and creating my plan to be much more detailed and intentional! 

$70k is a lot of money but you are correct  - in these times you gotta be more strategic if you want any cashflow at all.