Most commonly, I see that clients can do a rate and term refinance after 30-days of ownership but most people wait 6 months to be eligible to do a cash-out refinance. 

(one end of the candle) Move into a cheaper way of living if possible, such as rent a room from someone who you have commonality with in some way.

From the way he phrased his question, it sounds like he bought into the common myth that, as long as you hold a property for a year, you can use long-term capital gain, 1031 exchanges and so on.

@Denise Brown-Puryear, that is a very common strategy nowadays.

The plan involves a common wall connected to the house.Any advice would be much appreciated!

A lot of my wholesaler buddies are telling me it's common place to have to spend $50K+ on marketing to sustain the wholesale business right now. 

Here are some simple tips to help you communicate better with your guests:Respond Promptly: Try to reply to messages and inquiries quickly, ideally within an hour, to show you’re attentive.Provide Clear Info: Make sure your listing is detailed with information about your home, rules, and check-in process to set clear expectations.Personal Touch: Use the guest’s name and reference their questions to make them feel welcomed and valued.House Manual: Create a simple guide with Wi-Fi details, local tips, and house rules to answer common questions.Check-In and Check-Out: Send reminders with instructions a day or two before their stay and before check-out to keep things smooth.Respect Privacy: Let guests know you’re available if they need anything but respect their privacy preferences.Handle Issues Well: Address any concerns promptly and professionally to ensure a positive experience.Follow Up: Check in after their arrival to make sure everything is okay and thank them after their stay, asking for feedback.If you have any questions about managing your Airbnb, feel free to reach out for tips or advice!

Common questions are: Do you find a location first? 

The selling agent and home inspector tells me it's common and he sees it in 50% home he inspect(central Florida).Questions I have are,1. 

I have had a couple rep me who seemed to be familiar and be able to answer questions on restrictions so I wasn't sure if this was common or standard practice.