The current one lasted 8 years and needs to be replaced (as per what our property manager is saying)I heard front loaders could leak, so I typically only do top loaders for rentals.

., equipment) are excluded from 1031 treatment and are taxed separately—goodwill is typically taxed as a capital gain, while equipment may be subject to depreciation recapture taxed as ordinary income.To minimize taxes on the sale of the business, consider strategies such as Opportunity Zone investments, which defer gains until 2026 if proceeds are reinvested in a Qualified Opportunity Fund (QOF), or structuring the sale as an installment agreement to spread taxable income over multiple years.

Or you can offer a low enough price to make sense.

Some agents are savvy enough with their offer to  require the seller to pay the early issue.. others its just another line item and buyer pays it..

Im happy to answer any questions you might have about how I invest in Memphis and I can offer up all of my vendor partners to you as well. 

@Jemini LeckieRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?

Typically the re-zoning to condos will be a pain point.

Remember that if you buy 5+, typically that is going to be commercial lending and that can be tougher to sell on the exit. 

It’s not for everyone, but with the right team, an agent who knows the market, a solid property manager, and good contractor connections it can be a great way to your porfolio.For example, Cleveland is affordable, has strong rental demand, and offers solid cash flow.

Ironically, I was ready to let go of multifamily and focus on more lease options, but then my team finally got an offer accepted on a 54 unit.