Quote from @Henry Clark: Quote from @Jake Andronico: Quote from @Arn Cenedella: @Jake AndronicoI’ve looked into them but have never executed one.Let me say they will be expensive and complicated.I think what you will find if one is trying to defer $50,000 to $100,000 in gain, it’s not going to be worth the time and trouble.On the other hand, if client is trying to defer gain of $500,000 to $1,000,000, it’s worth the time and trouble.I use First American Exchange for my own account a dozen times and they have been right on the money.Google them and reach out.ArnIt's definitely more expensive than a traditional 1031 exchange, but being able to secure properties upfront can be super convenient.   

We’re still weighing whether to manage ourselves or hire a property manager, but I’m definitely leaning towards having a reliable team in place either way.Your advice about not taking on too much risk is a good reminder.

It is about creating an experience and really focusing on easily accessibility with convenience. 

I've considered a property management company, but the cost just doesn't seem worth it although it would be convenient.

That experience taught me the importance of leaning on local expertise, even if it feels like an unnecessary expense at first.One strategy I’ve seen work occasionally is offering the tenant a “cash for keys” deal, where you pay them a small amount to vacate voluntarily.

It’s a one-time cost, easy to maintain, and shows you’re thoughtful about providing convenience for your guests without breaking the bank.

I'm thinking of telling tenants there's a $500 utility charge included in the rent as a convenience—so they don't have to deal with setting up accounts.

For example, I am a little concerned about some aspects of the business cycle recovery and a potential for a double-dip so I lean toward the safest part of capital stack which is debt (or low-debt equity).

I've tried multiple times e-mailing and calling Delta, who have now conveniently started to forward all incoming calls to voicemail. 

If your market is leaning more towards shorter stays...which does seem to be the current demand nationwide...I would not cut your properties out of that demand!