Haha Hey @Jacob Pereira Sorry to get your hopes up - I spoke without thinking in my excitement to talk about 1031s and skipped over a crucial stumbling block for your dream strategy ;) Allow me to clarify:So, if you live in one side of the duplex for two years within the five years prior to the sale, then it is considered residence use.

Example bids: $400 to snake a drain, $250 to lay an insect trap.* No proactive maintenance, and even the turnovers were inconsistent.

Purchase price: $88,000 Cash invested: $44,811 Sale price: $190,000 1 bed 1 bath 3rd floor walk-up just a block from the lake in Roger's Park.

The facility was built in the 1980's, cinder block construction, and needs complete rehab... 

Making sure the property "flows" outside is a key component I have personally found - assuring nobody is stepping on toes, encroaching on each other's outside space, or blocking cars in, etc. 

Maybe the foundation is slipping, the roof is needing full replacement, the plumbing backs up every time you are draining the tub and try to flush the toilet...  

The annual nature of tax benefits.One of the fundamental building blocks of our tax system is its annual focus.

When you get the 2 pm call that the kitchen sink drain is leaking and you are filling a cavity in someone's molar, you can't exactly get up and leave to take care of the sink. 

Just last week, I tried going to my calendar on Airbnb for next summer to look at pricing, and the calendars on all platforms were blocked from Jan 1st on. 

@Scott Mac you've got to know where to invest in Detroit to avoid getting taken advantage of or just plain making a big mistake.Detroit investing is block-by-block, which is difficult for OOS investors to do.Zip codes are statistically too big.That's why we've spent considerable resources ranking Detroit's 183 Neighborhoods.