It provides a solid foundation and ensures smooth operations.Additionally, you might want to explore marketing to corporate and insurance partners for mid-term rentals.

In our market it is important to make sure they are a licensed broker, carry adequate GL and worker's comp (and name you as additional insured).  

In addition to your down payment, plan for closing costs (around 2-5% of the purchase price) and set aside at least 3-6 months of expenses for repairs, maintenance, and vacancies.

Use extended closing periods or additional earnest to buy more time for your old property to sell if you need.The last option is what's called a reverse exchange.

Markets like Texas (San Antonio or Dallas) or North Carolina (Charlotte) could offer better cash flow with lower costs.

Our team has been involved in over 120 flips nationwide as the designer and over 60 in our local market as the investor.

What markets are you looking at?

I believe the value would get passed to them and the current market rate. 

I've also leveraged their webhooks to automate additional things on my end like setting the thermostat to the appropriate temperature an hour before the guest check-in and turning it off after they check out.

From a tax standpoint, there are additional disclosures to make when selling a business asset for less than fair market value to a related third party.