and even if you aren't going to do an inspection, can you walk it with a couple contractors?

Over the years, however, we’ve found that we end up coming down to Orlando quite a lot, especially in the last couple of years, and we end up staying in vacation rentals (Reunion, Championsgate, Storey Lake typically).I would love to simply pull equity from the current property but given that it’s a long term rental and we are Canadians, from what we understand it’s not an option for us.we love reunion but I feel that would probably not be the best for ROI.  

The GC is likely at least a couple of more thousand dollars.  

If I had to choose a couple to look into first, it would be House Hacking, Mid-Term Rental, Short-Term Rental, and BRRRR.

So, I reached out to a local brokerage, and they referred me to an agent with significant experience.This man has built a $30 million portfolio himself, and in just a couple of meetings, he completely shifted my perspective.

I don't remember that legal argument arising in the last couple of cases I was in, so it just may not have been addressed.   

The problem is that it take far more effort to LIVE that dream that it is to wake up from that Dream.I teach Real Estate Investing on the side and I will tell you 95% of the students are sitting in class dreaming or pretending that they are improving their lives just by attending the class.In the end, they don't really study.I give a Spreadsheet exam at the end of a 12 week / 1 class per week session on building a 10 Year Pro-Forma business plan for your Real Estate and I will tell you 95% fail out right.Being in class is more about dreaming than it is about putting in the effort to learn the skills to be an Investor.

This exclusion allows you to avoid recognizing up to 250,000 of gain (500,000 for married couples) on the sale of your primary residence.Regarding your investment property in LA, it does qualify for a 1031 exchange.

I think in unit microwaves and induction burners and with a couple of common area meals/ week might make it work.

Quote from @Bailey Rentz: I've used Stessa for a couple years and I just can't take it anymore.