Selling gets a tax free gain and allows you to be more liquid; keeping it allows you to have once in a lifetime cheap debt and have that leverage on an appreciating asset. 

A lot of tired or retiring landlords don't want to pay 3% to a Realtor plus Capital Gains.

Being nearby allows you to stay hands-on—you can see, touch, and fully immerse yourself in the process.There’s a lot to learn, not just about managing rentals but also about overseeing property management companies.Handling tenants and maintenance can feel overwhelming at times, but starting with a property close to home gives you the opportunity to gain valuable experience.

However, purchasing the replacement property from an estate where your mother-in-law is the executor and other heirs are your wife's aunts and cousins raises potential related-party concerns under Section 1031(f).The IRS generally prohibits 1031 exchanges between related parties unless both the buyer and seller hold their respective properties for at least two years after the exchange.To stay compliant and avoid disqualification, ensure:The estate sells the property directly before any distributions to heirs.You hold the replacement property for at least two years.The transaction is conducted at fair market value with no prearranged agreements.Given the IRS scrutiny of related-party 1031 exchanges, consult a qualified CPA or 1031 exchange accommodator to structure the deal properly and avoid potential capital gains tax liabilities.This post does not create a CPA-Client relationship.

Hi John, would you be interested in the Lake Lanier areas in GA in Hall or Forsyth counties?  

- If so, 1031 into something bigger and easier to manage and then when you pass, the inheritor receives your property(s) at a stepped up basis - subject to Inheritance Tax limits.Otherwise, sell one every 1-5 years when you need the cash, so you can plan expenses to offset capital gains.

I wanted to spark a conversation about a topic that’s been gaining traction in our industry: the balance between realtor-led showings and self-guided tours for properties.As landlords, we all want to maximize engagement and find the right tenants as quickly as possible.

Just trying to gain a sense of hot or cold. 

And I agree that it can work in gaining leads.

However, I don't find the long vacancy particularly enjoyable, and I'm hoping to gain some insight and grow from the experience.Has anyone else experienced this, and what did you do to avoid it?