Also, does the 1031 exchange cover just the $500K gain (appreciation since converting to rental) or the full $1.5MM gain?

So, I've got to pay more attention to taking better pictures, or hiring a photographer.

First there is no pictures of people or who this company is.

I will be contacting my agent soon, but I wanted to toss this question to the forums to help me cover bases I might not think about.  

Can try to reposition to Class B, but neighborhood may impede these efforts.Vacancy Est: Historically 10%, but 15-20% should be used to also cover tenant nonpayment, eviction costs & damages.Tenant Pool: majority will have FICO scores of 560-620 (approaching 22% probability of default), many blemishes, but should have no evictions in last 2 years.

If you want a Ring, get a Ring.There are a TON of options for cameras out there to cover the door.Ya pays yer money and ya takes yer chances.

I have some funds of my own, but not enough to cover the steep down payment. 

For simplicity, I did not include closing costs or loan points in the purchase price numbers, but did include a fee of 10% of the sale price to cover closing costs, commissions, and minor repairs.ModelsBelow are two tables showing the IRR for the traditional rental, using a 20% down payment, and the BRRRR models using a 75% LTV loan.

It’s great to hear about your experience with income and holding costs—it really helps me get a clearer picture of the potential in the area.Do you happen to know what the zoning laws are like for short-term rentals on Dauphin Island?

Lenders don't like borrowers without reserves.Is it risky if the property cashflows well at 100% financing, in an appreciating area, and you have plenty of cash in the bank to cover any problems?