The expectation established fell far short given all the mistakes and poor advice.

Pretty confident we slap tariffs on Europe to the tune of 25-30% immediately, and then threaten China/Mexico to impose by July or August if they don't revert or establish some policies to our (trade & immigration) benefit.This overnight belief that we'll kick out 20% of illegal immigrants and impose 30% tariffs globally with seizing Panama, Canada, and Greenland is just a farce.

Of course when doing the 1031 exchange your basis will carry forward into your replacement property.Where you have a potential issue is establishing your intent to hold those properties but immediately selling one or more them as soon as you have them ready. 

To establish a 50-50 ownership in both the property and future profits, you'll need a formal agreement outlining each person's contributions and rights.

It's encouraging to see someone else in the same boat.I also live in Washington and have been thinking about establishing a community investment group.

Needless to say, many parties are involved, and they all need to be established and verified, or your business will suffer greatly. 

You could even consider a condo with an established HOA that’s STR-friendly—it can simplify maintenance and management.A Few Other Things to Note: Documentation is everything.

After reviewing your application, we’ve determined that, unfortunately, we are unable to move forward with your application at this time, as it does not meet our established criteria for income and (other established criteria) We appreciate the time you took to apply and wish you the best of luck in your continued search for a home. 

I’d also focus on gentrifying areas, as their upside is usually greater than established hoods when the market cycles up again.

By 2030, we want to have grown a portfolio of over 100 units, created a property management company that manages an additional 100-200 units, and, finally (and most importantly), we will have established a non-profit that is focused on quality, affordable housing that specializes in providing housing and resources at/on the "services cliff" alongside financial counseling and first-time home buyer education in our target area.Our target area is the Springfield, MA and Hartford, CT areas with dreams to expand to Central Massachusetts (Worcester, MA), Southern New Hampshire (Nashua, NH), and Southern Connecticut (New Haven, CT).Would love to meet up with likeminded individuals in our area!