.- **BRRRR (Buy, Rehab, Rent, Refinance, Repeat):** This strategy can be lucrative, but it requires careful planning and execution.

If you’re using leverage, be extra cautious with your underwriting to ensure the deal still works at today’s rates.Economic Uncertainty: Inflation, potential recessions, or shifts in demand could affect rents, vacancy rates, and property values in some markets.Increased Operating Costs: Rising insurance premiums, property taxes, and maintenance costs can cut into profit margins, particularly for buy-and-hold investments.Regulatory Risks: Some areas are increasing restrictions on landlords, particularly short-term rentals.

They will typically take a cut of the development fee and it’s worth it.

Focus on education, networking, and analyzing deals carefully to ensure your first investment sets a strong foundation for future growth.Good luck!

While it is possible to convert an investment property acquired through a 1031 exchange into a primary residence, this requires careful planning.

However, with careful planning and a proactive approach, you can navigate these hurdles successfully.

Quote from @Sean Barnebey: This is an interesting opportunity, and it sounds like you’re approaching it wisely by considering the numbers carefully.

In related news, we had a guests for a  10 day stay and they wanted to cut the stay short.

I’d be very careful about who you replace this tenant with. 

Care to share the details?