I’ve watched clients reinvest capital from a tired old rental in one part of the country into vibrant, up-and-coming areas like certain pockets of Austin and San Antonio.

Keep in mind, the region is immensely sought after, leading to notably low capitalization rates.Positive cash flow from a rental property becomes challenging; however, there remains potential for substantial returns through appreciation.

If you do a 1031 exchange, you can defer both the capital gains tax and the depreciation recapture, which is a nice benefit.

I'm not factoring in a percent for vacancy, repairs or capital expenses.

I would like to invest here but there are two large hurdles: Negative cashflow down paymentI feel that Boston is a fantastic city to invest in.....if you are well capitalized.

Quote from @JD Martin: Quote from @Jay Hinrichs: Quote from @Matthew Drouin: Small wine town is all I needed to hear.Seasonal tourism is usually not a great industry in which to build a sustainable business.There are probably higher and better uses of your capital near high velocity metro areas.We have small wine towns near our city in the finger lakes region of western NY.  

Primary Residence is taxed as short-term or long-term capital gains on sale and it may qualify for Sec 121 ExclusionIf you are classified as a Dealer you will pay ordinary income taxes on sale.

So if I can BRRRR, get all my capital back, and break even on rent when I'm done, I'll do that every time.  

Expenses for initial repairs before renting are usually capitalized and depreciated.

Does anyone have experience investing with PPR Capital Management?