- Given your experience level, without an inspection, I'd turn around and walk away.

Markets like Texas (San Antonio or Dallas) or North Carolina (Charlotte) could offer better cash flow with lower costs.

Tenants in lower Classes will have lower credit scores, which means higher chance of defaulting on their lease payments.

These markets are attractive because of their diverse, resilient economies, lower priced homes, and stable home price appreciation.

You'll get much more "bang for your buck," lower cost per key, and lower maintenance costs per unit.

Deviations from the Private Letter Rulings will significantly increase your risk of structuring this type of advanced 1031 exchange.You should discuss this more advanced 1031 Exchange structure in greater detail with your legal, tax and financial advisors to determine your comfort level with this complicated 1031 Exchange structure and the inherent risks involved.

Basically, there's no free lunch when it comes to taxes.Depreciating property lowers your tax basis.

Rentals are extremely difficult to make pencil right now but would only personally consider higher end projects because the costs are far easier to absorb than trying to build in lower value neighborhoods.

Landlord Locks iCore series locks provide this at an affordable price and with commercial level security.

Think I better clarify - this isn't an altruistic attempt to help VRBO 😄, but rather a hope that it might result in a higher overall booking rate if both platforms perform at a high level