@Dozar Real - I agree, a unit like this will not rent for the price of the additional bedroom.

This will free up cash flow by reducing the high-interest payments.You can also refinance your rental to cover the $40K balloon and possibly access additional equity, but avoid selling the rental since it's cash-flowing well.

in addition not every investor wants to get into the lodging business.

Second largest metro area in Alabama with a population of over 500,000 when including Baldwin County, of which over 40,000 individuals commute from for work.3. 7.5 miles from downtown is The University of South Alabama which employs more than five thousand people, and has over 15,000 students.

To add insult to injury, I was charged an additional $1,000 for Flip System providing me this problematic deal.My disappointment continued with the lack of educational value provided by Flip System.

Are you planning to go from 3 to 50 just based on rental income or with value add? It's

In addition, their Floorplans are very large.

An NSF Fee was charged as well as additional daily late fees.

Additionally, I don't believe Form 4797 should be generated for this transaction.Please confirm that, for reporting a 1031 exchange from one residential rental to two residential rentals, I need to prepare a separate statement and only complete lines 19 through 25 on Form 8824.

My issue (one of many) with my current PMC is that they have failed to get me even a single tenant in almost a year now and keep telling me that they don’t understand what the problem is, but literally 30 minutes after I started advertising my units myself, an eligible tenant responded to my own add. It