Quote from @Michael Overall: Good day, If an investor has 10 rentals and wanted to over time sell them and put the money tax free from a 1031 toward a large purchase is there a process to do that? 

Making money was a bonus because I live here.How did you find this deal and how did you negotiate it?

I do have to pay 2.9% fees when I use it which makes it kinda not even worth doing in my opinion.  

The picture makes me think of a "mini" hotel or some type of destination/STR property. 

Sub2 needs to be viewed like Hard Money.

There is no SST and makes it easier to house hack 3-4 unit properties and you can use that loan repeatedly while with FHA loans you can only have one at any given time.

The systems makes this easy for you to do.

Personally, remitting myself makes sure I dive deep on numbers.

Self managed HOAs are usually undercapitalized so you want to take a thorough review of the condition of the community to make sure there isn’t deferred maintenance because you might get hit with a special assessment if the board isn’t setting aside cash for those capital improvements.At face value, taking into consideration my typical financial objectives, I wouldn’t do this deal unless it was a much lower price.

I use apartments.com, so the money didn't end up in my account until 1/6/25.Is this considered income for 2024 or 2025?