If you can capitalize on those early returns and recycle into another property with similar early trajectory, you will end with much more money over the same period of time.Of course, being able to harvest those gains and recycle in a tax deferred manner helps even more, so you may want to seek out syndicators that are able to offer 1031 exchanges on exit, which is definitely possible.

It's all dependent on state and city but where I live a 60 day notice to vacate is sufficient after purchasing, especially in leases where the wording is vague and mom&pop landlords were using Word document leases.

If you try to google their names, there are hundreds with the same.

We help clients answer this question all the time as it comes up a lot these days.

It's best to delead when the units are vacant to avoid extra costs like hotel fees.In the case of a property transfer where a child under the age of six will reside in the property, the new owner is responsible for bringing the property into compliance on or before 90 days of the transfer of ownership.

A 1031 exchange requires that the same entity selling the property is the one buying the replacement property.

To avoid going through the same poor experience, keep reading.Even if someone gives you a referral here, do NOT make the mistake of assuming that the PMC will meet your expectations, just because they met the expectations of the referral source.In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

Pick up a copy of 30 Day Stay by Sarah Weaver and Zeona McIntyre from the BP bookstore.

It included similar "loss of rental income", same liability limits, included building code upgrade, vandalism and even 10% for water damage and 5K for rot.  

It's not a big issue but just be aware that it can take a few days to get your contractor paid.