It will just be important to identify the new property and make sure you stay compliant with 1031 exchange guidelines.If you have any questions on the tax piece or need any help analyzing the numbers, feel free to reach out.

This is a common question among real estate owners.Let's dive in:The reality is that wealthy families often pass on real estate assets from generation to generation.For example, if one generation has an RE entrepreneur who amasses $50 million worth of real estate, that portfolio can generate enough cash flow to support multiple future generations comfortably when passed on.So, what happens if that initial investor built their empire by rapidly depreciating assets and using 1031 exchanges to lower the basis and defer taxes along the way?

There are so many mom & pops who do manual rent collection, and whose goal is to stay at 100% physically occupied!

Please stay away.

So long story short we have a traveling nurse staying at our rental that got some water damage when the roof was being replaced, they don't have renter's insurance (which we require in the renter's agreement they sign), water damage has been remedied and is cosmetically minimally affected and still very much in a liveable state.

I also prefer not to use a management company, as I don't want them cutting into my profits.My long-term goal is to generate enough income to live comfortably and eventually build a real estate empire.

We thank you again for your stay and hope you enjoy your time here!"

The mortgage will stay in the name in which the home was originally purchased. 

@Oli HarpsTo manage your Oakland 4-plex effectively, stay informed about the local market, build local connections, conduct thorough tenant screening, consider value-add opportunities, decide whether to self-manage or hire a property management company, network with local investors, plan for growth through scaling your portfolio, explore financing options, and stay informed about the local market through online communities and resources.

Here are a few strategies that might help you:* Traditional Financing* Hard Money Loans / Private Money* PartnershipsUltimately, the right choice will depend on your comfort level and financial situation.