So all of the gain and depreciation recapture are initially still tax deferred.However, like Joe said, the down side is later when sold  you lose the 1031 option. the client will pay tax on all gain and depreciation recaptured from before the 1031 also. 

Aren't they losing money?

If you're up for some delayed gratification and tax free cash, I think it's a fantastic idea.I would recommend starting with a paint, flooring, kitchen, and bath renovation - more of a cosmetic fixer that can still qualify for conventional financing.

This may change over time.Participating in the forums and using the search to find specific questions or topics would be helpful as you start your investor journey.

For 2025 I will be taking a leave from my fulltime W2 work start 1st July for rest of the year.

I’m just getting started in real estate investing and am looking to acquire my first investment property.I’d love to connect with like-minded investors, lenders, and mentors who can share insights or personal journey.

I’m not sure you could really scale a STR on Shopify but you could always start there and migrate to another platform. 

Hi Shelby To determine rental prices and demand in a neighborhood, start by researching comparable rentals in the area, focusing on properties of similar size, type, and amenities.

Major in business (with a real estate focus), start learning through books, podcasts, and investor meetups, and work on building credit and saving money while in school.

When starting out it’s a pretty good deal for someone lend you all the money and you give them 50% of the profits.