While the benefits of renting first (loan paydown, appreciation) may outweigh the tax hit, I’ll be modeling different scenarios and working with my CPA to determine whether a 1031 exchange or another tax strategy makes more sense as I scale.4.

PLRs can NOT be used or cited as precedent should you be audited, and it is always possible that the IRS could still disallow this 1031 Exchange.

It is always valuable to be able to walk into a property an analyze cost to repair, it is a huge factor in determining the feasability.

An investor focused agent should also be able to help you determine what the future performance of a property looks like by producing you a nice proforma with budgets and projections.  

Answer in the MLS, “Yes.”Computers cannot accurately determine whether a property is located in a desirable or undesirable area for a particular tenant pool segment using photos or aerial maps.

It's time to run the numbers to determine the cash-flow.

Secondly, you'll definitely want to confirm with a tax strategist with experience in the STR space to confirm if the setup you describe will pass as an STR with the IRS. 

For now, consult a CPA to determine the best structure based on your income and investment goals.This post does not create a CPA-Client relationship.

Screen them to determine a level of risk, and then decide if and how you will mitigate the risk.In this case, the risk appears to be an eviction from five years ago.

The GSEs, Fannie Mae and Freddie Mac, both allow the use of foreign income under certain circumstances.In the personal tax returns provided by a borrower, you may see an IRS Form 2555, which identifies the foreign earned income.