TECHNICALLY, this falls within the long-term laws because there are only 2 categories - long-term or short-term.

Hey @Raven Ye Mahar, so you should call the city and make sure but if you are renting it long term, you shouldn't be on the hook for any of the occupancy taxes.Nashville has a STR Occupancy Tax - https://www.nashville.gov/departments/finance/office-treasur...In the end, I would just call the city and get the deets that way. 

Does anyone have any referrals for property managers in the Los Angeles area who specialize/ have experience in mid term rentals? 

The longer term loans would have lowered your monthly payments and decreased the costs.As for rent, each year you need to look at rents in the area to decide how much you will be increasing the rent by. 

As long as the business portion of the land is at least equal to the amount of your sale  that would satisfy your exchange. 

Think of it as s long term investment that will save you headaches down the road. 

I think this will be the short term realization, and anyone that did not wait on the sidelines and jumped in with the intention of a short-term re-fi might have to tap out. 

A refi makes more sense if you plan to hold the property long-term as a rental.

If you acquire one new property each year, you could significantly increase your wealth and potentially position yourself to qualify for larger investments, like apartment buildings or construction loans, within 10 years.I’ve worked with clients who have successfully implemented this strategy, and it has proven to be an effective path to building long-term financial freedom through real estate.Good luck with your decision!

How long do we put off our dream of having a homestead?