Once it is operating, it doesn't require a ton of time, save & except when you have an emergency come up.

Hi BiggerPockets community,I’m new to real estate investing and currently running a remote operation to help connect investors with distressed homeowners and foreclosed properties across various markets.

Would that lower our tax liability from other income we receive or no because this is purely RE and not an operating business?

This will create your new basis.From an operational perspective, you might want to touch up a few things on the place to make it more rentable. 

Hi Richard, Do you currently own/operate LTRs?

In addition to that AirDNA shared this article from Search Logistics titled: Airbnb Statistics [2025]:User and Growth DataI live in Nashville, TN.

If paying off their primary home is the priority and the tax savings from the 1031 don’t outweigh the boot and logistical constraints, selling outright may be simpler.This post does not create a CPA-Client relationship.

Or become an operator like ODC and make money raising capital for your deals ..

If you want the furniture, just negotiate that and put it in the contract.Could you lease it from them for those 3 months and operate under their permit till yours is available?

Hi Eric,Great question—estimating operating expenses can definitely be tricky, especially for items like maintenance, CapEx, and make-ready costs that vary widely between properties.