@Stephen Hood your idea is solid and shows good potential, but here are a few things to consider:Private Lender Terms: Ensure the lender agrees to the 1% origination fee and $2K monthly payments—some may require a higher interest rate or balloon payment at the end.Timeline for Sale: Factor in potential delays with selling your current property or completing renovations on the new one, as these could impact your refinance timeline.Refinance Feasibility: Confirm with lenders that refinancing at $500K is realistic, especially after recent rate increases and appraisal expectations.Exit Plan: Have a backup plan in case the market shifts or repairs take longer than expected, such as extending the private loan or bridging with a HELOC.If you can lock in favorable private loan terms and stay realistic about costs and timelines, this could work well.

It's not going to bring in massive amounts of money, but for bringing in some income with very minimal efforts, structures needed, or upkeep, it's great.  

From your advice I want to delay going into a REIT.1031 --> DST --> REIT Once I'm in a REIT I can no longer transfer w/o paying taxes.1031 --> DST --> DST2 --> DST3......

To minimize this tax burden, consider the following strategies:1.

Others may use unique listing details on different sites to minimize tracking.

Is there something in this I should include especially with the delayed purchase?

Reserve enough cash to cover 12 months of holding costs, rehab overruns, and unexpected delays. 

Using multiple platforms together and cross-referencing with public records or MLS data (if accessible) can help minimize discrepancies.

Short term, assuming the real estate lobby doesn't sue this to keep delaying/appealing, once it goes into effect there will be no more broker fees paid by tenant *unless they hire the broker*Some long term effects I can predict already: - Landlords now having to absorb broker fees will bake this into the rent (e.g. how "no fee" units typically are priced a little higher than other units) - Real estate board will require another document (or checkbox) for tenants to sign stating that they're hiring the listing broker and responsible for compensating them for their fee *if* they apply and are approved- Regular New Yorkers will have an even harder time to find an apartment because you cannot legislate/regulate away a housing crises... 

Bottom line though is that it’s all up to them, which is also my fear for them, because I can foresee it simply being a situation where they go or gravitate towards the simplest solution or minimal amount of forethought.