(As most 1031 exchangers are.).

If you would like to jump on a call soon I'd be happy to share my local insights with you.

Talking to a property manager can give you more insight. 

I’m curious if the process in NYC is similarly structured, where it’s difficult but feasible to follow through, or if there are unique barriers that make it much harder or even impractical.If anyone has insights or could answer a few questions, I’d really appreciate it!

In my experience, it’s all about networking with local contractors and being flexible with your plans to stay ahead of any issues that come up.Happy to exchange knowledge!

AirDNA's rentalizer tool can provide a detailed cash flow analysis.Investment Potential: Look at historical data and future projections to assess the long-term profitability of your investment.Using these tools and insights from AirDNA can help you make an informed decision about your short-term rental investment. 

Just take it one step at a time, and don’t hesitate to reach out if you need more insight into the Memphis market. 

If you have expertise in this area, I’d greatly appreciate any advice or recommendations for tools or systems to streamline reporting and organization.Thanks in advance for your insights!

If I was trying to break into the industry, I would approach a few small- to mid-level sponsors and ask if you could provide help to their organization in exchange for a mentorship.

The major pros that I note is a 1% downpayment with no PMI. any insight would be greatly appreciated.