Meanwhile, a regular 1031 can be less complicated to manage if your main focus is simply deferring gains.Considering how property values and financing rates have shifted these past months.. do you think an OZF might be a better strategic move than a 1031 in your situation?

I have personally stayed in one of these places where the main house is separated, and only the basement space which has a walkout entrance, its own kitchen, and two bathrooms would be rented out an Airbnb.

ATM business mainly makes money from the transaction fee.

I could complete the main road in phases, build 2-3 at a time (could do more really as we have 15 right now actively being built but realistically not sure how fast it’ll sell.

Have you got past the hurdle of the first investment yet?

We do co-living for the main stream. 

@Dave Meyer had an interesting episode on the BiggerPockets Real Estate Podcast about 3 main resources when it comes to investments: cash, time, and experience. 

Now that I see how things work and have the ability to do it, I want to pass down a legacy and set my kids up a few hurdles ahead like many other communities.

The loan to value that you can go up to will mainly be determined by your age.

Here’s my two cents:Paying off the condo might make sense if your main goal is to reduce risk and enjoy the peace of mind that comes with no mortgage.