.- Legal and Tax Complications:Navigating different state laws and tax regulations can be complex and confusing.Out-of-state investing can be a great way to grow your real estate portfolio, but weighing the benefits against the potential challenges is essential.

Strategic renovations, like removing a wall to create a larger space, proved essential in boosting value and rental potential.Challenges:Managing renovations, especially structural changes, was challenging and required careful planning.

I would say option A has been successful for me, but my best ground rule double (I don't think I have a home run yet) was land hacking, essentially.

FYI - a lease purchase option is not one of the weapons we have to cure in Texas as they are essentially not allowed.I appreciate your obvious experience and expertise with these.Stay safe out thereAlan

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

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.

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.

Nothing wrong with being an “essential” worker

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