Some may say… this is too much work… or too difficult to do…  Well, if you don’t like this type of work or industry… simply don’t do it. 

You should consider skipping college and getting your real estate license if you are super serious about the industry!

Not much industry for decent jobs.

Primary residence capital gain $250,000 exclusion.  

Industrial took a small dip but then quickly recovered ( even as interest rates continue to rise ).

Hey Riley, I really appreciate you reaching out and offering to share resources with others in the industry is always invaluable!

Gifting the property to your son transfers your basis ($265K) to him, allowing him to sell at his lower tax rate (0%-12%), but requires using part of your lifetime gift tax exclusion.

@Dion DePaoliWe do work almost exclusively in low value band assets under 125K values.

There will always be demand in the market (it's not like some covid markets that could disappear as vacation destinations almost entirely over the next decade), and the regulation risk is as near to zero as you can get in this industry so long as you buy in the approved tourist zones (again, compared to some smaller/less mature markets where they could outlaw STRs tomorrow).For short period cash flow there are better options. 

Again, other might feel differently here.b) Skin in the game: as a conservative investor, I understand that the dirty secret of industries that the waterfall compensation is in the line with me and incentivizes sponsors to take more risk.