But would I feel competent performing surgery on someone without an expert's guiding hand?

We'd get a CONH and all of the tenants are long term tenants. 

We have a lot of 2-bedroom oceanfront condos under $350k that perform well. 

If you want to avoid the lengthy process of securing permits and navigating ordinances, you can always opt for long-term rental for the first year.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator – so, they often select the first PMC they call or that calls them back!

They have all been there for years and want to stay in place for as long as possible.

Just ensure you’re entirely comfortable with the long-term commitment and the specific REITs you choose.

I am a Real Property Appraiser 2 at my county tax office I am a long time listener of the podcast.

The IRS typically requires the same entity that performed the 1031 exchange to continue owning the property to maintain tax deferral.To avoid any unintended tax consequences, it’s crucial to consult with a 1031 exchange expert or tax advisor before dissolving the LLC or making any distributions.

Some lenders offer flexible terms tailored to investors, which can be a game-changer.