Hey All! Fist post here,I have been doing my homework on getting into my first investment property, the residential market near me hasn't gotten me too excited. I recently came across a new construction storage facili...

Purchase price: $447,000 Sale price: $583,000 Condominium Renovation found through Cold Calling.

I have a condominium (1b/1ba) in Austin, Texas in a college housing heavy area.

Purchase price: $447,000 Cash invested: $20,000 Sale price: $583,000 Short and easy condominium renovation done in San Jose.

Technically the townhome is classified a condominium, so I'm unable to do anything with it financially other than sell it or keep collecting the cash flow.I have an idea to 1031 exchange into a property that eventually I can live in for a few years and avoid all the capital gains taxes.

https://www.har.com/content/newsroom/Houston Real Estate Highlights in March:-Single-family home sales increased 4.1 percent year-over-year;-Days on Market (DOM) for single-family homes dropped from 46 to 38;-Total property sales rose 4.3 percent with 12,149 units sold;-Total dollar volume increased 15.7 percent to $4.6 billion;-The single-family average price rose 11.4 percent to $410,923, the highest of all time, and the first time that pricing has topped $400,000; -The single-family median price increased 15.5 percent to $335,000 – also a record;-Single-family home months of inventory registered a 1.3-months supply, unchanged from one year earlier;-Townhome/condominium sales rose 8.7 percent with the average price up 5.8 percent to $255,334 and the median price up 10.4 percent to $215,000;-Single-family home rentals rose 18.3 percent with the average rent up 6.7 percent to $2,075;-Townhome/condominium leases were unchanged with the average rent up 7.6 percent to $1,852.

We’re pleased to announce the equity raise of Irvine Park Condominiums, a centrally located 119-unit community in the world-renowned city of Scottsdale, Arizona.

The 45L tax credit is an energy efficiency tax credit available to owners, builders and developers of apartment buildings, townhouses, condominiums and single family homes.

I just bought a unit that is inside a building designated as "A HOTEL CONDOMINIUM".I was told that I need to get all of the following in order to use it as a STR:- Florida department of revenue - sales and use tax certificate- DBPR dwelling license- Broward county tourism tax collection registration- Broward county business tax receipt accountWith these four in hand I should be able to apply for both the "City Vacation Rental" license and the "City Business Tax".So, all in all, six different applications / licenses.My question is this - do I really need all of these or can I omit some of them because the unit is in a "hotel condominium", which, in my mind, should be eligible for short term rentals by definition.Thank you.

Rents should also increase over time.B. continue trying to sell the property for possibly less than asking.C. another option is that I convert the building into a condominium, create three separate parcels, and have the option to sell each unit separately.