Everywhere on the news, people are talking about multifamily distressed owners.

In my opinion, the new Owner news should come from the current landlord first. 

The good news is, you're in a fantastic spot! 

More about this in IRS 523Even if you qualify to exclude part of the cap gain under Sec 121 you are still required to pay Depreciation Recapture on sale (not the case with 1031 Exchange)1031 ExchangeOnly rentals are eligible for a 1031 Exchange - this is good news for you.

The highest rates were in Illinois, Delaware and New Jersey.Link to article: https://www.attomdata.com/news...You can make an argument that not many of these properties will end up in the hands of the bank as REOs.

Just look at the news every day, insurance cost is definitely going to continue to go up there.

This directionally feels like great news, and appreciate the detailed input!

looking at the news I can see why someone would not want to drive to FLA now.. it is more than afternoon thunderstorms.. and sounds like travel insurance ( which I did not know you can get for airbnbs ) would be wise if its a big price for the stay.. 

There's a variety of ways to get a deal in front of you (I'm mostly a flipper), but basically if it looks promising, I run custom comps queries and check the current & past $/sf of renovated/distressed product in that city or zipcode.Here's a chart on 90066 I generated from my tool under Market Stats > Sales Data > Specific Zip Code:- My above chart (more available) shows the Avg Renovated $/sf (High) over time in this Zip Code, something completely different than charts/providers based on Averages/Medians only, like every other platform (RedFin Below, https://www.redfin.com/news/data-center/):- Can't select smaller locations such as City or Zipcode for their $/sf data, so it's useless helping me underwrite/verify a deal.- Can set Zip Code for Median Sale Price data, but again it's the median/avg so it's useless helping me underwrite/verify a deal.Then if that looks decent, I'll run Sales Comps, and get a quick summary of some key metrics based on those comps.

It’s not just about sharing good news—it’s about being honest about the challenges too.