highlight_post=4170358&page=5#p4170358@Scott Innocente, has been a huge asset to me in finding decent MFRs and off market possibilities.

Because after purchasing the new rental for $700K that leaves them $300K initially, so take $260K to pay off their mortgage, and still enough left to cover a good chunk of the taxes owed. 

That is ripping someone off.

Pay off debt .

After the novelty of owning a vacation rental wears off, it is a matter of the value of your time and interests.

Would this be feasible in quality neighborhoods in Hartford and New Haven or am I way off? 

I wish I could pull something off like that... basically, its a fee to make sure you don't waste the lenders/broker's time.

I was more focused on building the portfolio, and it paid off, as I scaled to 50+ rental units in 5 years.I started my own PM when I moved to a different market because I wasn't confident I could find one as good as my previous manager.

Some of those round thermostats still have an on/off switch, and some are AC/heat so the tenant could flip it to AC to keep heat off But I second the other point @George Paiva made - how can you be certain the heat isn't on?

As already mentioned, you could sell via seller financing to lower AGI, as all you would have to claim is the payment income - until balloon payment received.Did know an investor that had 14 properties paid off and he moved into one every two years to then sell with the $250k single exemption.