At closing, and for the 2024 tax year, the replacement likely won't have any income/tenants because it's on a lake and more of a warm-weather rental.Thanks so much.

Higher end home buyers are usually more rate and market sensitive.I see you're down in Texas, so if that is your market, weather plays less of a factor consideration as it does for us up north (no one likes to move in the winter unless they have to and things slow down considerably).  

He explains how critically important it is to do hard work that flows - there is no resistance, instead you are fully inspired and in alignment with who you are and where you are going.

However, if you can weather the storm for a while, Danville, San Ramon, Pleasanton, Dublin, and Livermore all offer amazing appreciation, tax benefits, and principle pay-down opportunities. 

You asked about the risks and benefits of using leverage in real estate investing.The reality is leverage cannot be avoided, usually, in real estate investing.The risks are you get over-leveraged and your don't have enough cashflow and reserves to weather a market shift, extended vacancy, or major repair.The advantage is you increase your ROI by using other people's money and as little of your own money as possible.

I live in the south, so between high moisture/humidity and weather, moisture is present.  

Pests, rodents, severe weather, destructive tenants are also unknown and can only be estimated. 

So, beside the question that needs to be asked by the passive investor as to whether the sponsor is a fraud, is whether the sponsor has the moral compass to resist the temptation to commit fraud if things don’t go their way. 

No to mention plaintiff's attorneys care more about the insurance than you, even if you do have assets because that's the path of lease resistance.  

Are bills like electricity and water something that's figured into weather or not a property is self sustaining?