If you don't learn to manage your investment well, you will eventually destroy your property, lose money, waste your time, or drive yourself insane.

Well he eventually decided RE but did not really understand many areas of RE.

Something like a live in flip/fixer to eventually become your next STR.

Whether that’s refinancing in five years or eventually selling the property, you’ll want to know how you plan to handle the seller carry when it comes due.

I initially resided on the property as a tenant myself.Prior to the current tenant moving in, all tenants were aware that I was getting married and would eventually move out of the property on Nov 18th, 2024, with the expectation of moving out of state by the end of December.It was understood that I would continue to utilize the garage and one room for storage as I transitioned to living out of state.All tenants were also aware that I would continue to access the property during this transition period.The tenant in question moved in Nov 1st, 2024.

Of course they will eventually come up to the prices you have to rent a newly financed property for... but there is a lag there where the market equalizes.  

I know California is still famous for clawing back the taxes owed eventually on a 1031, I don’t know if they are the only state that does it.

Looking forward to learning from you all and of course becoming a millionaire real estate mogul and eventually President of the Universe.Welcome Chris: I’ve been a landlord for over 25 years now and I know some good local resources I use to make life easier too! 

But if the lease terms are murky, if renewal conditions aren’t guarenteed, or if the airport authority could dramatically shift the deal down the line, then you should be asking for a discount..or at least some protective clauses in the contract.I’m curious... if you were to step into this kind of leasehold now, how do you think you’d explain the upside to your future buyers or partners when you eventually decide to exit?

And I totally agree, providing the best value is key and I know that's what would eventually "win" the deal for me at the end of the day.