Shifting Buyer Preferences: Quality Over QuantityBuyers in the Greater New Orleans area are becoming more discerning.

I started out active and found that I was not great at being an asset manager and finding quality property managers was a huge struggle. 

Because of this struggle, we implemented a safer 1031 exchange method.

If you perform a cost segregation study for your short-term rental property, you would typically file Form 3115 (Application for Change in Accounting Method) to claim the depreciation adjustments from the previous year without needing to amend your prior return.

Its great to hear you're going the direct to seller route, its by far the method with the highest margins. 

They will have systems in place to find off-market deals so you can analyse where the numbers are more attractive for you.You can also try the wholesaler list method.

Never underestimate the power of negotiating a lower purchase price, as you never know what you can encounter in the rehab (that may not have been planned) and make it easier for a quality lender to fund the maximum leverage they can.

Do you go for the cheapest or the best quality?

We also had the good fortune of quality labor for really good prices due to a family connection so our rehab costs were a touch lower than average. 

I am looking for advice on how to maximize exposure and bring in quality renters for my commercial space.