As a result, this isn’t the kind of market that attracts top-tier PM talent.Your best solution might be to either:1.Take on self-management if possible (and if you’re willing to put in the time/effort).2.Find an individual you can trust to handle these properties, set up very specific instructions and processes, micro-manage them initially to ensure standards are met, and compensate them well to make it worth their while.This approach requires more oversight on your part but can yield better results in markets like this.

I would love to get a condo down in Miami to have a as a forever rental, but it's just so hard for me to pull the trigger.

How does your accountant pull info from baseline to do taxes, or track your cost bases/balance sheet?

You can use the tax code to your advantage and pull different levers when you need to.  

In your cashflow above how much are you pulling out for PM or Capex?  

They would get that $500K tax free and the rest of the tax would be deferred in the 1031.A very elegant solution that puts $500K tax free in their hands now. 

We pulled every trick in the book, and the odor remains.Another issue is that when tenants violate one rule, they tend to violate more.

We eat the first one, thy get a picture of all the glory the plumber pulled out and the second time they get billed.

I’m not going to pull all that info but I will say it was not always up and to the right.

I'll be pulling the drone photo.