Feel free to reach out if you have additional questions.  

Our last one went from STR to live in flip + parceling off additional lots.

With this comes additional transactional costs that are more likely to present themselves in this asset class than other price point SFH's.

Many folks are once again turning to RE and RE related assets as a new form of income or additional form of income, etc.

Additional Details:The property is in a desirable area with good amenities nearby.STR data from AirDNA shows decent revenue potential, but the lack of comps makes me hesitant.I’m looking for a balanced approach that minimizes risk, even if STR performance doesn’t hit expectations.If anyone has experience investing in Cincinnati or navigating markets where STR data is sparse, I’d love to hear your thoughts.

Since 1031 is tax deferral, I assume the gain is calculated with the likely substantially lower basis from the pre 1031 property acquisition + additional cost over the years.And yes, recapture all depreciation ( on both prop before and after 1031) make sense.

In addition, the tax implications are better on a refinance which you will be able to deduct. 

I can pursue a legal action against the tenant or Baselane, but this will cost me additional $2-3K in legal fees besides dealing with a loss of at least $5K of rent and damages caused.

Many of my clients and I have grown our portfolios through appreciation and cash-out refinancing with minimal additional capital.Zillow Data is one of the most reliable sources for analyzing appreciation rates at the zip code level.SummaryNo special apps are necessary.

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