., equipment) are excluded from 1031 treatment and are taxed separately—goodwill is typically taxed as a capital gain, while equipment may be subject to depreciation recapture taxed as ordinary income.To minimize taxes on the sale of the business, consider strategies such as Opportunity Zone investments, which defer gains until 2026 if proceeds are reinvested in a Qualified Opportunity Fund (QOF), or structuring the sale as an installment agreement to spread taxable income over multiple years.

Once you’ve identified STR friendly locations, figure out your financing with your brother to help narrow down your price range and market options.

After some research I'm we've narrowed it down to the OKC and Birmingham markets.

The truth is that if you find the right deal, you can make pretty much any market work but if you are looking for consistent deal success that narrows your options down.Some investors look for simple signs like the "Chick-Fil-A" test.

Since you've already started learning through books and podcasts, your next step should be narrowing down your investment strategy—whether it's house hacking, multifamily, or BRRRR.

Being close or on a river or body of water is also important for my family so this has severally narrowed my search to a few tail waters and big lakes around the nashville area.

I know its not a huge spread but like I said I wanted to try something new.

The Orangeburg tends to narrow over time limiting the flow of sewage.

I'm trying to narrow down some options and do a deeper dive on maybe 2 or 3 of the best potential markets to see which one makes sense to start in. 

It helped me narrow down my search and really learn the ins and outs of that area.