In a university town nearby, student housing is restricted to certain areas of town and prohibited in other areas of town. 

. - If you come across the same tax expert on multiple threads, and you consistently like their responses, send them a PM via Bigger Pockets or contact them via the contact information listed at the bottom of their comments.IMPORTANT: we're prohibited from offering our services to you, both publicly and privately - unless YOU initiate the conversation from your end.Still, some people choose to ignore these Bigger Pockets rules and will send you an unsolicited PM or even post publicly something like "give me a call, happy to chat."

@Eric Helena, There is no statutory prohibition against purchasing from a related party to complete a 1031 exchange. 

And agents are legally prohibited to engage after closing - at least per Wisconsin State law. 

I have been in Milwaukee WI for quite a while as investing in my backyard in NY is cost prohibitive. good luck on your journey!!!! 

In Oceanside, New non-hosted STRs are prohibited outside of the Coastal Zone as of February 10, 2024.Most HOA's do not allow rentals less than 30 days so that is likely not an option unless you find a couple of places on the water that allow it but usually tough to find below $1M. 

You would need to bring everything up to code currently and that's going to be cost prohibitive.

But I would urge planners to consider that the Sec 263 regs they rely upon for the justification for not expensing remodeling costs is actually an exclusion section which prohibits deductions under pspecified circumstances that being that the amount was: "paid out for new buildings or for permanent improvements or betterments made to increase the value of any property or estate."

Since your condo prohibits LLC ownership, you can manage rent and expenses through the LLC while keeping the property in your name.

Nothing in this Section prohibits either party from filing a lawsuit and recording a lis pendens affecting the Property, before or after the date of written notice requesting mediation.