I’d love to hear your thoughts, especially if you’ve seen these challenges in your market or have insights into how STR investors can navigate this potential shift.

I work 11-12 hour shifts, five days a week, in a demanding role, leaving me with little free time.

You should sell it but not until the market shifts.

I worked with a travel nurse who does shift work and 5 lenders said that they couldn’t finance her primary residence purchase and I ended up making it happen for her. 

Should you decide to shift your requirement focus the above suggestions would be a good place to start.

The rules are designed to prevent related parties from engaging in exchanges that shift high basis property for low basis property, followed by a sale of the low basis property, effectively "cashing out" without recognizing gain.If you sell a property to a related party as part of a 1031 exchange, both you and the related party must hold the exchanged properties for at least two years following the exchange.

Areas that saw population bumps during the pandemic could see milder but significant demographic shifts, as will almost any area where effected residents have family, relatives or property available for immediate longterm occupancy.

Your journey into short-term rentals sounds like an exciting shift—I can feel your energy for taking on a new challenge. 

Managing a property can be incredibly rewarding, but it does come with its fair share of challenges—especially with the recent shifts in Rhode Island legislation.In 2024 alone, 39 bills were introduced, and seven significant ones passed, including extended rental terms, mandatory fee disclosures, and other updates that every landlord should have on their radar.

Will it expose systemic greed, or will it shift the blame to other factors like housing shortages?