@Sharon Porter What specific part of TX?

Allowing pets, including the dogs nobody wants (excluding pitbulls, unless your landlord policy specifically covers them), will give you access to qualified tenants that otherwise can't find places that allow them. 

@Christina Galdieri  A 1031 exchange is specifically designed for real property held for productive use in a trade or business or for investment.

I'm not sure what your specific market is but especially on a new build their is some kind of TIA budgeted by the ownership.wast that negotiated as part of your lease by your tenant rep? 

Do you use a specific formula?

If we were not able to raise the price of our homes by 20% or more we would had to stop.. my LORI plan started at 600k sold two of them and made our normal 100k net.. last loris I sold 36 months later went for 850 to 900k and we made right at 250k NET on those ones.. so it was very specific to plans that CASH buying empty nesters wanted ..

However, if they are still considered a short-term guest under lodging rules, you may have more flexibility, though the specifics can depend on local regulations in Seattle.Since this can become a legal gray area, I recommend documenting all agreements, payments, and communication with the guest.

Was your QOZB designed for a specific state/city, or was it structured to operate more nationally?

If you have specific questions about property management, I'll be happy to help!

I am specifically looking in Essex county, MA because I want to house back close enough to my current W-2 job.