Quote from @Brian Kloft: @Blake Dailey sounds like I should be following you to learn more about this segment.

So, overall, I think these four areas are very distinct in the style of life they offer.

However, that same market segment usually isn't interested in larger houses, such as a 5 bedroom. 

Every tenant segment has some reliable tenants.

If you do pick a market with heavy single-family or mobile home segments, keep your eyes peeled for local property management teams who actually cater to that niche.

Second, the ownership of the relinquished property and the replacement property in the three (3) Private Letter Rulings involved two distinctly different taxpayers.

You have to really understand your funnel and market segment as well as execute extremely well for this to work.

However, short term rentals are much less passive than long term rentals and are essentially a hospitality business, which is in and of itself required a whole additional layer of knowledge and expertise.With regard to your question about private lenders, it’s important to draw a distinction in terminology between “private” and “hard money.”

We have a target segment.

Homes that appeal to our target tenant segment range from $350,000 to $475,000, so the supply of housing we target remains almost the same regardless of how many new homes are built.DemandPopulation growth drives housing demand and price and rent increases.