You have to account for ALL expenses.Let's pretend you can rent it for $3,000.

I need more adviceJust now I suddenly had an idea, the land left by the LA fire and SB-9 (SB-9 allows single-family residential lots to be split into two lots)Is this a good opportunity?

Assuming you sold the home at the end of 5 yearsYour NET ROI would be:0% appreciation: 10.93%1% appreciation: 12.13%2% appreciation: 13.33%3% appreciation: 14.53%This ROI calculation takes into account taxes, insurance, selling costs, repairs (calculated at $3500) through out the lease.

what would you think of a 14,600sqft 3 unit property in sailboat bend, off market, that is RMM25 zoned and has a nice single family and duplex behind it, half of the lot if empty so it can be developed or RV/trailer parking, for $1.1M?

What type of property do you plan to purchase(Single, multi, commercial, etc) and where do you plan to buy it?

Hopefully your accountant did not file an 8824 reporting the 1031 exchange. 

I'm looking for neighborhood recommendations in the Sarasota area for a short/mid-term single family or townhome investment in the 400k-500k range.

It is an awesome system and does everything for single and multi family management, makes our difficult job so much easier.

I own several single-family rentals (SFRs) with Section 8 tenants, which have built significant equity over the years.

Would like to know if I should sign up to accept the money, and I believe I will need to link my bank account.