This creates a high demand on the land that is buildable.

Hi Matthew,I’ve been conducting my own research and self-learning over the past several months, trying to absorb as much as I can on my own.

Trash seems high.

It really is a nice perk of making rentals nonpassive that high income earners can avoid NIIT, which is easy to forget since we're usually focusing on qualifying rentals as nonpassive to deduct a tax loss.

After years of self-managing our single-family rentals, we decided to hire a property manager to provide full service management.

My wife is a realtor and my sons are MLO's and we started a lending company last year :)We do STR's mostly personally with our own properties and self manage all of them.

If you own real estate in a self-directed qualified account, the 1031 exchange is unnecessary.

They have come to me about buying the home but I have a collection account about to fall off my credit in a few months so I am not sure I would qualify (in addition to my income may not be high enough).Are there any workarounds to maybe purchasing the home?

@Paul Cijunelis  thank you for this response Paul, well I firstly got interested in CRE when one of my high school teachers told me about how he does it and that kind of started my interest, I really love CRE because I've noticed it's a very lucrative and risky business like high risk high reward, but not just that I really love seeing a bunch of properties being brought back to life with renovations.

So, you are not at limiting your self when buying a new property.