@Adam Peralto More & more owners are posting here on BP about their rentals sitting vacant too long.Which means owners aren't paying attention to the rental market - which is slowing, causing Days On Market (DOM) to increase:(Take a look at the graph below from ShowMojo, comparing average DOM for 2018-2024.DOM are now about 40% longer than they were 2 years ago.Many owners also don't seem to be aware of real estate market fundamentals, such as seasonal effects:1) After September, when kids go back to school, there's a noticeable dip in activity in both the sales & rentals.2) After Halloween, there's another noticeable dip.

If the property is a personal property used for personal purposes, there is no depreciation since its not a business asset.There may be a chance that you have a home office within the home that is eligible for some write-off but you have to be using the home office towards a business activity.

@Jason Kahan To perform a 1031 exchange, the ownership structure is crucial.

Hey @Rene HosmanAs a NYC broker, I can tell you that zoning knowledge is absolutely crucial for spotting opportunities, especially in urban markets. 

I would check out the yellowbird facebook group, it's extremely active and focused on just Jacksonville and there will be people in the group that know the areas much better than me. 

Mike, i’m an active investor in North Texas, been at it for just over eight years.

Seek out some of the top active Realtors in the Subject's market area and ask them.

Real estate has so many tax benefits and credits available, that I always tell people it's crucial to have a CPA that's extremely knowledgeable in this area.

So, two questions arise; 1 - can this strategy work in a NORMAL period of economic activity, and 2 - can this strategy work in a difficult economic period?   

Maintaining clear boundaries between landlord and tenant is crucial.