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.

This is assuming:appreciation: 3%/yearincome increase: 2%/yearexpense increase 2%/yearWhat are some considerations?

For this similar price. 2 bedrooms under $300k : rent a room, Reno the condo, increase value and let it ride while paying down the loan , taking tax benefits and growing equity.

House hacking cash flow increases depending on how little space you can live in for a year (or more).I can't speak to Minneapolis inventory directly, but multi inventory is low in a lot of places.

These allow you to:1.Force Appreciation: Actively increase the property’s value through strategic renovations.2.Leverage Equity: Either refinance or flip the property to build more liquidity for your next deal.If you’re interested in chatting more about strategy or need guidance, feel free to shoot me a DM.

This has become increasingly problematic  with rising material costs and more burdensome building codes now present in most municipalities.