Hello all. I have a duplex that recently was renovated and located in a small town, Algood TN. Each unit is 2br 1ba and we had one unit rented at $950/mo on 12 month lease. We are considering strategies to maximize th...

To increase your knowledge and network, interact with their material, pose questions, and take part in debates.Volunteer or Intern: You might want to think about volunteering or interning with a property management company, real estate agency, or investment company in your community.

The IRS still doesn't like "short term" 1031s, with good reason - you need to ensure that you can 100% support that it was not a flip.This was not uncommon during 2020-2022 when prices were increasing at an incredible rate, I did have a few clients where they acquired a property that was truly intended to be a rental property, had a long history of buy / renovate / hold rentals, and then the market just blew up so fast that it changed the investment analysis for that property, or in several cases they actually just received unsolicited offers that they couldn't refuse.  

I think the license serves as a way to legitimize yourself and holds you to certain standards when working with sellers.

In your standard single-family homes we see a mix of both. 

The city is still undervalued according to international standards.

Rent increases were hot right after the pandemic and they've cooled down slightly but I feel they are still strong relative to the increase in price for the properties.

Hey Latonya, accepting out of state vouchers can increase your tenant pool and potentially increase your rental income, but it also introduces complexities like verifying voucher validity with distant agencies, dealing with unfamiliar local resources for the tenant and navigating potentially different eviction procedures in another state.

  - If I understand that correctly, then I wonder if the increase value offsets the cost paid out to split the parcels up.One last thought would  whether there are any underlying benefits to keeping it as one parcel, such as city regulations, etc.- I had a conversation once in my owner's rep day job about new construction of a commercial building on its own parcel adjacent to another parcel owned by the same owner. 

With "Condo Status" comes not just increased desirability, but also higher appraisals during refinancing.