The term "Lazy 1031" informally refers to using losses to offset gains but isn't an official replacement for a 1031 exchange.

The most valuable team members are those who understand the compliance side of Section 8 well and can help navigate that process.Property Management: Managing Section 8 tenants comes with its own challenges and benefits, especially in communication with the housing authority.

The author and article suggests to utilize the climate risk data before committing to an investment and be familiar with specific risks in your area—whether it’s floods, wildfires or heat waves.They recommend these valuable tools to assess these risks:FEMA National Risk Index – Provides a comprehensive overview of natural hazards across the U.S., including floods, earthquakes, and severe storms.USDA Wildfire Risk to Communities – Offers detailed insights into wildfire risks for homes in specific regions, particularly useful for properties near forests or dry areas.Risk Factor – Analyzes flood, fire, and other climate-related threats for individual properties, giving you a risk score.Climate Check – Delivers property-specific climate risk ratings, covering heat, drought, fire, and floods.Do you consider environmental factors like flood and heat when investing?

Hey Gavin, You don’t need to complete the separation by January 1st, 2025, to eventually write off the rental portion of your closing costs and other expenses, but you can only start deducting them once the rental portion of the property is officially "in service," meaning ready for tenants and actively marketed.

Thrive Living, in partnership with city officials, is building 800 apartments above a Costco store.

I’ve asked the housing authority over my section 8 rebates if I could increase the rent and they said not until the renewal which is not until April 2025.

I did find verbiage but from another jurisdiction "Unavailable for rent means a unit whose owner has filed with the code official a statement signed under penalty of perjury that such unit is not offered or available for rent as a rental unit and that prior to offering or making the unit available as a rental unit, the owner will apply for a Residential Rental Business License and comply with any applicable administrative regulations adopted pursuant to this chapter...."

These guys have not provided us with a single official report of what's in the fund and how it's doing besides jsut saying we're stopping distributions and this is a 5 year play now.

Include all your evidence and any relevant details about the property.Appraisal Process: If your request is approved, it might impact future appraisals positively, as the property will be officially recognized as a 3-bedroom.Risks: While there’s generally little risk in disputing the classification, it’s important to ensure that all changes are accurately documented.

Also, whats the current use of the property as I spoke to Inglewood planning officials to inquire about doing an ADU or additional unit on a R2 lot, with the existing use being a duplex, and they gave me a hard no to both.