Then get your old property sold promptly.As a. last resort pursue the reverse exchange then.

South Florida....my opinion, there's some older folks that need to move to a gated resort community! 

It is gated, secure, a larger resort, with hotels, restaurants, shops, scuba, snorkeling, a dolphin encounter, etc.It has a marina and golf course.

Like all  resort areas there are peaks and valleys make sure your property manager has in depth experience and can show you there program to keep your rental occupied.  

Hello I recently bought a resort in Valle de Guadalupe, Mexico, wine country 1 hr drive from San Diego, CA.

Some idiot that was inexperienced at BRRR got in over his head(upside down) and resorted to leasing to a soberhouse operator across the street from my parents nice SFR in an affluent neighborhood....first the friends and ex-dealers come hang around the house, but, they are not allowed inside, so they all hang outside on the stoop or just down the street, if that's in front of your 80 year old parents house, too F'ing bad!!!...

Fin and Feather is a "big" resort there. 

Other cities seem to embrace it....think Myrtle Beach Area, A1A area, Smokies, Joshua Tree, Ski Resorts, Branson....probably almost every national park is overwhelmed with visitors the past few years.   

But if the county re-assesses every 3 or 4 years, you will pay market prop taxes soon enough.I’ve been an investor for 46 years and this is NOT something I would do.Over this time, I have seen investors get themselves in trouble by being “too smart by half” often with creative tax structures that end up causing trouble but this is a another danger zone in my mind.I’d think long and hard before embarking on what you propose.If the acquisition doesn’t stand in its own merits and one needs to resort to chicanery to make it work maybe it’s not a deal.just my two cents.good luck,Arn

I am building a 12 unit glamping resort and want to setup a direct booking website.