I'm giving myself 10 years to be successful at this.Turn key properties are best for me right now, as I'm a provider in a clinic and work 3 nights a week in an ER, so my time/energy is limited.Thank you all for any tips, advise or otherwise!

Welcome to the community and be ready for a huge amount of information at your finger tips.

Any budgeting tips would be super helpful!

Since reserve studies attempt to forecast replacement costs of items over a 30 year period they are having to recalibrate since the reserves they are now using did not use the latest increase in construction costs.

We've owned them for 20-plus years but the recent property tax increases have negatively impacted our cash flow as have major repairs such as roof replacements, AC units, etc.

First, see if you can negotiate replacing the sale contingency with a longer escrow or loan period.

@Madelyn Felix we used to use ShowingHero, but moved on from them to ShowMojo, due to ShowMojo offering keypads in addition to lockboxes.We've pretty much flipped to keypads as too many keys go missing from lockboxes or get locked inside the home.While ShowMojo offers a service for tenants to use their keypads after movein, we remove the keypads when a home is rented and transfer to next vacant property.PRO TIP: only use keyed deadbolts for occupied rentals! 

But in the meantime you could move into your new primary residence converting it from your 1031 replacement from the sale of your current investment.

Share your experiences, tips, and thoughts on how Co-Living has worked (or not worked) for you!

Also, I will probably want to do a 1031 exchange as I am planning to buy another investment property to replace this one.