A 1031 Exchange is also known as the Tax- Deferred Exchange, which allows the different shareholders as well as different depositors to reinvest the profits that these people had acquired as well as earned, most particularly when it comes from the different financial transactions of the property that the investor had advanced without acquiring different taxes from the government.

The risk analysis and mitigation is all over the map.We have done very well over the last 15 years.

They've seen the peaks and valleys (08 crash and now post covid crash) and they've done unbelievably well investing there. 

We have been getting great results with using them as MTR's as well.

Thanks, Joseph  Hey Joseph  hope your doing well. 

It served us well, along with the other detailed information they could provide, to make an informed decision. 

@Randall King If you find the property isn't performing well, a 1031 exchange would defer the tax and concentrate that equity into something that has a greater cash flow potential, like what @Corby Goade said.

I can suggest some other areas as well depending on where you guys are looking. 

Using automation can certainly help at scale for easy things, but if you have one STR and can't be bothered to respond promptly to your guest, I can guarantee this business will not go well for you.

I enjoy the summers there as well.