However, purchasing the replacement property from an estate where your mother-in-law is the executor and other heirs are your wife's aunts and cousins raises potential related-party concerns under Section 1031(f).The IRS generally prohibits 1031 exchanges between related parties unless both the buyer and seller hold their respective properties for at least two years after the exchange.To stay compliant and avoid disqualification, ensure:The estate sells the property directly before any distributions to heirs.You hold the replacement property for at least two years.The transaction is conducted at fair market value with no prearranged agreements.Given the IRS scrutiny of related-party 1031 exchanges, consult a qualified CPA or 1031 exchange accommodator to structure the deal properly and avoid potential capital gains tax liabilities.This post does not create a CPA-Client relationship.

Over half of my clients are remote Buyers, so I've gone through the STR transition process with lots of investors over the past few years.

3) Are you relying on placement agencies for getting the initial clients?

Consulting a tax professional before making use changes can help maximize deductions while staying compliant.This post does not create a CPA-Client relationship.

We are committed to building long-term relationships with our clients. 

I'm a full time agent and have clients that request cleaning services oftenSent you a message 

Hi @Kobe CarrThese are all things I do for my investor clients. 

Reading or responding to this post does not create a client-accountant relationship or any other professional relationship.

Most clients I’ve worked with allow for guests to sign in directly.

If real estate is involved, separating it into its own LLC before the sale can simplify the process and make it easier to leverage a 1031 exchange.This post does not create a CPA-Client relationship.