Short-term rentals have become an increasingly popular investment strategy for real estate investors to increase wealth and passive income.

into another property to avoid the federal capital gains tax? 

It’s awesome to see your enthusiasm—looking forward to the questions you bring and the insights you’ll gain.

Much slower than utilizing a HELOC, but I’m not trying to build an empire and just have a passive income source that eventually allows me to spend my time where I find meaningful.

I aspire to connect with others and gain knowledge about the BRRRR strategy and multifamily investments.

If you’re targting properties in historic areas like Lincoln Park, be sure to budget for unexpected maintenance expenses, as older buildings often require more upkeep.Incorporating 1031 Exchange StrategiesIf you’re looking to scale your investment or defer capital gains from a previous property sale, consider utilizing a 1031 exchange.

I’m a hands on type of person so I will be focusing on properties in and around Tampa, Florida so that I can be up close and personal and learn as much as possible.I’m excited to be a member of this community and I look forward to exchanging ideas, strategies, and gaining knowledge from all of you as I dive deeper into this exciting world of investing.

My partner and I debated entering this SEO program for about 6 months due mostly to the fact that in another business he runs he purchased SEO services as part of a total internet marketing program - spent $80,000 and said he do not gain a single client.  

You presented a perspective I had completely overlooked.Would you still recommend negotiating a lower purchase price vs cashier's check on closing given that we're in a higher income tax bracket and thus capital gains tax could come into play in the future? 

If you want rental property, you could take that equity and buy several houses better suited to renting.Selling now makes sense because you can also avoid the capital gains tax because you lived in the property 2 of the last 5 years.