If you have owned the rentals for a couple of years you can always do a 1031 exchange and avoid taxes by putting the sale proceeds into another investment home.

There have been several high profile incidents in STR in Plano over the past couple of years that I think have made the residents pause to think about how that works in residential neighborhoods. 

Typically it is binary, you either meet the 24 month requirement or you don't...there are a couple of exceptions for moving in less than 24 months which you can review here:https://www.irs.gov/publications/p523#en_US_2023_publink1000...Look at the "Partial exclusion" section

In the end I dont know who is really dealing with my property for me to talk to.Looking at the experiences from initial couple of weeks, I grew suspicious about the quality of the company I am dealing with, so I read about various reviews I found online about this company and I can confirm many of the bad reviews I read online.After several weeks of scheduled and cancelled showings, last week they came up with a group applicant with low credit score ~600 saying they check out fine with their system and hence we should rent it to them.

A couple other tips;you can’t use the renovation loan to finance renovations to the commercial space. only exception is if you need to do repairs to the core structure or mechanicals that are integral to the building (ie, structural work, sewer lines, water mains)Make sure you work with a lender that knows how to do these.

Yesterday I toured Anna Maria to help a couple of my clients that experienced the effects of the surge.

Just a couple of thoughts as you compare insurance.

I serve a couple hundred clients who live in CA and they prefer to invest passively in real estate in areas like Texas, Oklahoma, Little Rock, AR and Memphis, TN.

With a few of them are going to be over 50k net profit for him and a couple small ones 15k or so..

We were able to get a SFR and a duplex under contract last month and we will be closing on both properties in a couple of weeks, all thanks to Chris!