I tried using the biggerpockets rental calculator this morning and the cashflow was negative, but I may have been too conservative with the numbers.

I do think this bill will have a big negative impact on tourism in Summit County.

But if you are okay with negative cash flow and want more the appreciation, new builds are definitely the way to go. 

Also, the fees plus being a forced buyer with a deadline on a 1031 exchange may negate the small tax savings.

Thanks for the colleague request.The concept of TDR is fairly simple and straightforward.

Just remember: most negative reviews are written by problematic tenants.

I love section 8 but it comes with positives and negatives just like any other strategy.

It was the second book I read, I have all the notes, I'll share here. https://docs.google.com/document/d/1blQFIKSls6JDHdl7srVMhXd8...The book mostly talks about investing in different states, and how to keep contractors honest, and monitoring renovations, but many of the core concepts are the same.

- FYI: it's only illegal to try to rent it out, the property owner can usually legally live in a nonconforming basement unit.If you do all this you may still negatively cashflow each month, so make sure your income can cover and/or your cash reserves.If you do this successfully, you will learn more in 1-2 years than you would reading here on BP for 5+ years:)Good luck:)

Everyone wants to share their negative stories about Property Management Companies and then make the leap to bashing ALL PMCs!