Owensboro, the state's 4th largest city, has a population under 100K, and many OOS investors prefer cities with at least 300K residents and strong job growth.

There is a severe shortage of home to rent in north OC, when one of our client's homes come up for rent, it is a feeding frenzy.

Here’s why and what alternatives might exist:Real Estate Syndication or Fund: Invest in funds that generate passive rental income, which can offset Schedule E losses.Real Estate Professional (REPS): Qualify for REPS to reclassify rental losses as non-passive, allowing them to offset active income.This post does not create a CPA-Client relationship.

@Tyler Gates, @Kyle Luman, The QI should not be doing anything for the client other than the 1031 exchange itself. 

@Tanya Maslach I would be glad to share our experience as we have learned to love the corporate client avatar.

The idea would be, say we wanted to buy a company for $100k and they have 100 clients.

Some of my clients love the cash flow in the east side neighborhoods over by Slavic Village and Broadway selling between 90-110k with rents up to $1,800+, but just really depends on the types of neighborhoods you're investing in and your risk / reward threshold. 

If you have better list please post it for BP clients and Thomas to learn.

That way you'll get better terms from your experience going up and through building a strong partnership. 

It's also important to be aware of any deed restrictions or covenants that could impact your intended use of the property.A Personal Anecdote:I once assisted a client in Omaha who purchased a Freddie Mac home intending to convert it into a rental property.