Partial 1031 Exchange: If you back out of the condo deal, you can still defer taxes on the portion already reinvested (the vacation rental) and pay capital gains tax only on the unused portion ("boot").3.

We offer physical site visits for properties above $2.5/3M or if it's required by the client.Around 95% of our studies are done virtually but if you need boots on the ground and it makes sense for your property or portfolio, we'd be happy to help. 

My agent/property manager will be my boot on the ground and supervise the rehab. 

Sell beneficial products or services like your Boot Camp once you have reached Critical Mass.  

You can find also try to find a reliable local partner/boots on the ground. 

Tennessee’s no-state income tax policy can be a nice perk for long-term wealth building.Indianapolis Pros: Having real estate connections in Indy could give you a competitive advantage on deals, local market insights, and trusted contractors, which can be invaluable for a BRRRR strategy.Ultimately, your “competitive advantage” might be stronger where you already have boots on the ground. 

Orlando still seems like a great market so all things equal probably good to start out closer to home where you can have your own boots on the ground

I think with Boise in particular, and the pacific Northwest in general, positive cashflow is difficult to achieve, especially for an out of state investor since the market is so competitive.Even with boots on the ground, cash flowing properties seem to be a unicorn even when purchasing for 70 cents on the dollar.One opportunity for cashflow in Boise is the ADU play -- new regulations make it more conducive and returns can be 10%+ cash on cash for a property in the right neighborhood.- Kole

The key is to find a great person to be your boots on the ground to take your appointments.

This means you need boots on the ground.