For sure get hard quotes for the reno and for insurance and property tax increases.

One of my fathers properties taxes nearly increased by $3000 and it was only $3800 before I tried to appeal all of my properties and unfortunately got denied

I ended up renovating the home completely and was able to increase rent and secure another 2 year tenant with three garages rented.

@Cameron Porter +95% of the land bank inventory is already picked over by the time it hits the public.The only people we know that have bought ALL went over budget and only the increasing market covered what would have been losses.So, proceed VERY carefully!

We found out our property manager only lists on Zillow so we are marketing it ourselves on other rental platforms to hopefully increase visibility.

The more time you spend on administrative tasks coordinating with multiple service providers, the less time you get to spend on managing your properties, finding new potential investments and increasing your financial returns.Tax strategies and property insurance are two areas that are highly customizable because no two portfolios are identical.

I'm assuming the main reason for the 1031 is to increase cash flow, right?

2.) looking for advice on how to deploy 600+ thousand dollars into real estate and start receiving the cash flow from it without having to pull the 401(k) out and swallow the tax ramifications.I currently own 13 units and receive healthy cash flow from all of them, but I am looking to increase my cash flow so I can ease into the next phase of my life which includes work of a different kind but not doesn’t having a 9 to 5 job.Thanks in advance!

Also another thing to consider are most municipalities will significantly increase your taxes if you pop the top of the house.

His lease says they have use of the entire property for $X, if he wants to increase the rent that is separate from changing what they have access to.