Good luck brother no, its because im in a beach market that has prime season and offseason. i have higher occupancy than anyone in 1 complex and at 95% in the other. glad you believe in yourself, you definitely have confidence in your views

This is a complex question, that requires answers with exceptions, caveats, and explanations, but here are rough examples:A.

Bk is FED though so anything involved in bk will need to be verified thru the court nationally before a sale.

A 1031 also adds complexity and timing pressure.Watch Out For:Opportunity Cost: Renovations tie up cash that could go toward other investments or reserves.MTR/STR Management: These models require more time and effort than LTR, even without a property manager.Market Risks: WA properties may appreciate slower than expected, and higher costs could reduce your margins.If cash flow is your priority, option 1 (renovate and STR/MTR) likely offers the highest upside.

Some examples of properties with high asset reclassification include medical clinics and hospitals with technical machinery and labs, grocery stores with machinery, shopping centers with rainwater drainage systems and large parking areas, industrial manufacturing facilities with advanced equipment, apartment buildings in suburban areas with swimming pools, golf courses, tennis courts and large parking areas for tenants.Here’s a list of the average amount of assets that can be reclassified into shorter asset life classes based upon the type of property.

The beauty is, you can rinse and repeat, moving your equity up the ladder of properties, from a small duplex in Austin to a bigger aprtment complex in San Antonio, or even pivot into a promising commercial spot right here in the Phoenix area.I remember a friend of mine who started off nervous as heck about his first exchange.

Just make sure to give notice or confirm her claim on possession so she cannot use it against you later in court. 

By the time an Inspector shuts down a project, and the homeowner goes to court/city/judge/whatever.....there is wasted time and money.As we all agree, just get a permit (if it is required) and do things right. :-) Even if you win the war, loosing the battle can easily wipe out all your profits and more.Think about that recent CA AirBnB case where the lady was in the guest house for almost 2 years with no rent?  

It can also be probably fight in court if this is a monopolistic practice if you think about it but who will want to fight it :D.  

Covid hit family rentals hard; many landlords are still waiting for their day in eviction court, or have properties that are completely wrecked after nonperforming tenants vacated.