I've performed a few 1031's and had to pay initial fees.

Additionally, controlling a larger asset through effective leverage can amplify your returns and build greater long-term wealth.By trading up, the extra basis form 1031 will also help you save on taxes.

@Chris Clothier yes we are seeing residents be less mobile recently as well (we manage 1000 doors in OKC Metro) as long as the owners keep the increase under 10% they tend to stay and renew.  

However, as Macy's works to reinvent itself in a challenging market, the long-term success of its strategy remains to be seen.

., because it is short term, 30 days or less. 

I know I can make some cash flow out of the property and I know how long it will take to be able to refinance it.

Quote from @Powell DiGangi: My guest policy is no more than ten days per month for any given person, which covers a boyfriend/girlfriend staying over on the weekends or a family member visiting. 30 days is a long time.

I do not have any of the terms or conditions.

Its been too long!

I'm definitely getting more education and investing in more liens, not only for passive income but as a vehicle to acquire properties as I've come a long way in my investment business and do actively buy and sell houses.