You understand some of the basic concepts, but also have some giant holes in your plan.

In my opinion, it’s a terrible look when someone affiliated with a property management company doesn’t pay rent—and the owner won’t step in.High Turnover Costs-My properties often required expensive turnover work, frequently due to evictions and poor tenant quality.

There are many ways to house, and even more way to plan for the future with 1031 exchange and Primary Residence strategies!

@Matthew Posteraro That's a solid plan.

@Jordan Miller - I think to give proper guidance it would be good to share more details on the revenues and expenses on the property.

We plan on making it an Airbnb.

But if you do get rid of it make sure you know what you plan is for that space. 

If you plan to sell it in the near future, I would focus more on the added value overall. 

My goal is to achieve financial freedom by age 36 and to understand various aspects such as investing education, strategies, business planning, properties, marketing, and exit strategies.

A little about me for context: I live in a very expensive market in Rye,NY.