There are multiple large hospitals and plenty of large companies here, all that have employees who travel for work and are great STR tenants.

If everything checks out and you feel good about the situation, this could be a solid investment given its location and rental demand.

I am looking to find the optimal tax and legal structure to optimize his situation.

Is your advice to find a niche and stick to it as an investor or simply that by trying to do multiple asset types, brokerage wouldn't make sense since they're more focused. 

I would suggest interviewing multiple mentors/coaches and see which one is the best fit.  

Raj,You situation is both simple and complex at the same time. 

Also, since you rely on this income, you likely aren't prepared to weather VERY negative situations such that they could have a significant personal impact on your own personal financial situation. 3.

Alternatively,  you can buy multiple smaller properties in a 1031 that combined add up to your initial sale value.  

higher rates, but sounds like it fits your situation.

.: Subject To and Wraps are very similar and yet, very different.Subject To & Wraps share these characteristics You are taking over payment of the mortgage and transferring the property into your name You become the owner The loan does not get paid off The lender can and sometimes will call the Due on Sale You have to have money or credit to solve a Due on Sale call They are used when someone doesn’t have much equity and doesn’t want to pay a real estate agent They are used when the seller wants to sell fast They are used when the property isn’t really a good candidate for the MLS because of the condition of the property They are used when It’s a unique property and it’s hard to find comps They are used when it’s a distressed situation that needs to be resolved They are used when the monthly payment is below market rate (that means it cash flows) They are used when the seller wants to avoid the hassles of listingSubject To & Wraps Differences In a Subject To, NO new mortgage is created.