I'd try to fill at least a few spots to get some income coming in, and then do a rolling conversion to MTR as you have the cash to outfit a unit with everything an MTR needs.

I've read through the notes on the conversations you had with my team as well as pulling real numbers on your maintenance and property turn costs and your lease terms.

Again, this is a conversation to have with your accountant to ensure the benefits would outweigh the costs.Another misconception is that there is little value in a cost seg study for properties that do not have a lot of personal property in them or very little interior build out, such as industrial warehouses.

Sorry for derailing the book conversation but I think this topic is pretty interesting especially with the way the market is changing. 

They bought real buidings - shopping centers, hotels for condo conversion, etc. 

Coming into this conversation a bit late. 

I kept trying to steer the conversation back to the fact that he hadn't paid me rent for 4 months.   

Finding what works best is always your responsibility as a business owner.Since there were a lot of people who were questioning my credibility, I am attaching my booking conversation for 2024.

Keep in mind, though, if you just sell outright, you could be looking at capital gains and depreciation recapture, so it’s worth crunching the numbers with a proper tax professional (I’m not one, by the way).What do you think the rest of the community has seen happen to property values since last year, and do you believe it changes the 1031 conversation?

@Tim Horning correct but Ithaca already passed good cause so get ahead of it by having conversations with your town council members before their opinions on it become ossified