This community is a great place to gain knowledge, connect, and share experiences.

My best advice would be to begin networking as much as possible and find a mentor.You've already taken the first step which is gaining knowledge.

I get the frustrations of laundry and especially losing expensive luxury linens that gain 5-star reviews and very happy guests.

Once you've gained enough experience, you can transition to more BRRRR projects.

Start with one property to gain confidence before scaling.

(Hands-off or hands-on.)I like STRs as a way to make money while you wait for a property to gain value, but at least for us, cash flow is simply the icing.

His lawsuit and others have no weight.

So yes you can exchange it to save capital gains taxes on $266k plus 19 years of depreciation recapture.

On our recent fund when we sell off the performing notes in year 5, that will be a capital gain from the difference from the adjusted cost basis of the assets to the net sales income, but the income to our fund members from the loan payments up to that point will be ordinary income. 

 $192,000 per acre.I might have to lose some weight to fit in that 36 belt so we can go another 20 feet up.