Our clients have used 1031 exchanges very effectively when they have a property that turns out to not be the right fit for them.

@Thomas Farrell The BRRRR strategy can be effective with $400K in capital, especially in a market like Augusta, GA, offering affordability and rental demand.

These types of properties require experienced management to navigate the challenges effectively.

Quote from @Frank Barletta: It is more cost-effective and practical to install a large-size TV and get the Nintendo, Super Nintendo, and Sega Mini consoles.It comes with games preloaded, legal, and each to swap in case something breaks. 

@James Wise MICHIGAN UPDATE: new law went into effect January 2, that landlords can no longer discriminate on tenant income source.

I’ve seen many investor clients use 1031 exchanges effectively.. just be sure to get specialized tax advice.

Then, at death, the property’s basis resets, effectively erasing the accumulated depreciation.

Which would be more effective for pitching my Airbnb arbitrage business?

The main issue is a consistent lack of effective management and oversight.

This can create a subtle but effective pain point for the landlord—especially if they’re not excited about taking on those responsibilities.