Your initial investment will largely depend on your source of fund and chosen strategy.

However, some of our clients have chosen to pay capital gains tax on a portion of the proceeds and use that money for renovations.Not all contracts include 1031 exchange language.

My thoughts:Damage Protection:Goods: The total cash paid by the guest at the time of the booking is less. Makes your property more accessible (at least on the surface).Bad: Has a cost which is not used most of the tim...

I have been lucky enough to continue to be chosen to lead the company by our investors. 

So here is my question, I know a reputable firm that provides this service but how can I set up the 'business partnership' where they are my chosen vendor for this service without my clients trying to go behind my back to deal with them directly, thereby kicking me out the middle.

Insight: If this option is chosen, tax rules only allow a cost segregation study (for the new property) to apply to the excess basis, not to the carryover basis.

This also helps with our HERS rating.Converted Garage SpaceNew Living and Dining SpaceNew Living and Dining SpaceIN SUMIf I could do it over again, I would have chosen a location with fewer restrictions (historic and planning).

I have decided to offer this at no cost in the spirit of open source knowledge and improving our chosen profession. 

Once you've done your research and chosen a market, take action.

I'd say first identify a strategy, choose a market that aligns with it and establish your Core 4 Real Estate Team.The main challenge I observed is that individuals often lack a clear end goal or strategy or they select a market that doesn't align with their chosen strategy.