As long as the amount of segregated 1245 property in the replacement property is fundamentally equivalent in amount and nature to that of the relinquished property.

We expanded to new markets, bringing on Dan Toback to lead a new division in Florida.At the beginning of 2023, we ended our successful journey in Western New York, replaced it with Florida, and despite the challenging times with record-high interest rates, we were still able to complete 78 deals between our Florida and NH markets. 2024 continues to bring its own challenges, forcing us to grow and improve.

Few more points:Their lease is valid till May 2025.This is the first time she even told me about mold.In the email she did ask me to settle the lease.I have a little less than a month of rent as security deposit, which I am ready to settle without any additional penalties for abandoning the property.At this point I am okay with her leaving the place, just I want to get the control of the property back to fix the mold issue.History:1) Recently the AC has been replaced and after that there was some intermittent issue with the installation (temp doesn’t reach target intermittently) and I had to call the tech back 5 times to finally get it resolved.2) Also last month I replaced electric range with Brand new Electric range.3) Two months back she said the refrigerator was leaking, I asked her to send picture of the make and mode of the refrigerator, but I never got a reply back.4) Also for last 4-5 months she has been asking me to send her 5-day notice so that she can claim reimbursement, I was sharing a document and she was paying the rent a little late.

If the roof’s age is unclear, it might need replacing soon.Electrical systems can be tricky in older properties.

Shortly after acquiring this 7-unit property, I ran into one of the tenant's who asked if I could replace her showerhead.

Those cities won't let commercial landlords buy dilapidated buildings, knock them down, and replace them with new, bigger, nicer buildings!

Those now have to be replaced - and your state may have similar restrictions, so check into that in advance. 

I walked away from a successul 20-year career as an HR Director in Silicon Valley to do this full fime and I have nearly replaced my corporate income.

Hey BP community,I recently purchased a SFR property in the Piedmont Triad area of North Carolina where I plan to replace the first-floor chimney with a bathroom (toilet, sink, vanity, stand-up shower).

The unit was 20 years old and most of what was replaced was at the end of its life cycle anyway .