Prices in Columbus are still low enough to find 1% rule deals and there's a ton of appreciation happening in this market as well.

It’s a straightforward way to access the funds, though keep in mind that interest rates may be higher since it’s a rental.Alternatively, you can consider a HELOC (Home Equity Line of Credit), which gives you flexibility by letting you borrow against the equity as needed, similar to a line of credit.

I can't move at the moment, but I won't rule it out!

New builds have a lot of moving parts and builders will go by their own rules if you are going solo.

Under the involuntary conversion rules, my understanding is you could defer gain recognition on the insurance payments if you reinvest in similar property within a certain timeframe, but that doesn't interfere with taking a write-off on the old roof's remaining depreciation through a partial disposition.

If you see someone violating the rules, create a post with "@moderators" and we will receive a notification and respond.Again, welcome to BiggerPockets and happy investing!

If you see someone violating the rules, create a post with "@moderators" and we will receive a notification and respond.Again, welcome to BiggerPockets and happy investing!

My rule of thumb is no more than $1M property value in an LLC.

I feel like Ive heard that the rules have changed recently with tax delinquent properties in terms of how long you have to wait to take full ownership?

We recently published a video on how to avoid the Hobby Loss Rule.