A 1031 exchange is a smart choice for your parents, reducing immediate taxes to $70K (capital gains on $300K boot + $25K depreciation recapture) versus $148K without it.

I was referring to Owner Occupied foreclosures in particular, when warning to stay away from foreclosures in certain states.I agree that door knocking would be the best way to get these deals down.

There may have been better choices for a rental at the time.  

He talked about doing Gator 2.0 where you just refer someone to their website/team/lender and you split the profits 50/50.

Quote from @Collin Hays: I suspect that the Smokies is your best choice, simply because it is a year-round destination. 

So, factor that into your thinking about whether its the right choice for you. 4.

So the choice of tenant would be key.On the flip side, reasons to hold: a very low mortgage rate; probably not the case. 

If you know of anyone please refer it to me.My situation is that even though I have my STR certificate the OSE officers keep knocking on my door, the 1st time I was home and I talked to them, and because I had guests they didn't insist to get in.

They charge $500 a month plus a $350 set-up fee plus whatever you spend with Google or Bing to run the ads.DIRECT MAILIf you have a pretty healthy budget to spend, then direct mail might be a good choice for you.

Doubt he has those receipts they are referred to as.