Durability is so important—nothing more stressful than scrambling to replace a piece of furniture between bookings!

@Dallas Smith To defer capital gains on your investment property, a 1031 exchange is an effective strategy, but the replacement property must be held for investment purposes for at least two years.

I’d love to hear your tips, lessons learned, or even beginner mistakes to avoid.

Also, if anyone has any experience in land purchasing I would appreciate any tips or websites on how to find the best deal or agent for the same.

Focus on running a clean operation rather than perfect technical compliance.Pro Tip: Your biggest risk isn't the IRS - it's partners who might complain to the IRS.

Are you trying to replace your salary then you can’t do it.  

A water heater replacement is $1500, AC Unit $8,00011.

.🌟 Pro Tip: Next time someone questions your real estate investments, ask them if they'd turn down an opportunity to buy shares in a company that:Pays monthly dividendsLets other people pay off their investmentOffers significant tax advantagesCan be improved to increase returnsCan be bought with 80% financingBecause that's exactly what you're doing with real estate!

Really looking for tips on what to do from investors who have been in this type of situation.

Here are my top 5 tips for starting the new year off right!