I'm particularly interested in cash flow + long-term appreciation, but I'm also open to short-term gains if the opportunity is right.Any insights, personal experiences, or advice would be greatly appreciated!

There are specific rules for 1031 exchanges including:The replacement property must be identified within 45 days of transferring the relinquished property.The replacement property must be received within 180 days after the transfer of the relinquished property or the due date of the taxpayer's tax return, whichever is earlier.Special rules apply for exchanges between related parties (defined in § 267(b) or 707(b)(1)).Real property located in the United States and real property located outside the United States are not considered property of like kind.Cost Segregation StudiesA Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.

A Cost Segregation Study was performed on a 2-story, 5,237 square foot Office Building located in Louisville, KY that was built in 1946 and purchased by its new owners in 2021.

Hello Maya, I highly recommend connecting with @Jorge Vazquez, since he is a long time investor in Tampa and broker. 

You could alternatively hold the property for as long as is necessary to break even but when you consider the time value of money and how money today has a greater value than money in the future "breaking even" in a few years may actually be losing money because you've lost out on opportunities to do things with that money in the meantime as well as you've lost money to inflation. 

My plan was to either sell it if it had appreciated enough or to rent it out as a long term rental.

Purchase price: $112,000 Cash invested: $25,000 Mid Term rental How did you find this deal and how did you negotiate it?

Jake & I both love our families, adopt a responsibility mindset, have a long term focus, and only want to focus on multifamily.

Hi Everyone, I hope you are enjoying the long weekend, I am from Regina, SK, And fairly new to Real Estate Investing.

How long does it take to walk the property; how long does it take to get there?