Buy a couple rentals, quit your job and travel the world is not realistic (anymore).As a city we have a lot of problems with OOS investors who do not take care of their properties. 

Hello BP, I currently reside in Valencia, CA, I own my Primary residence (townhouse) and a 4-plex here in Valencia.

Just to clear a few things, I am not an OOS investor as I reside in Bonita Springs.I do agree that my range is probably a bit high there, thank you for your reference number.And yes, have full faith that my FIL will be able to meet all compliance standards.

We are planning to turn our primary residence into an STR at the end of this year and are looking to take advantage of accelerated depreciation if we can meet the REPS requirements.

There are basically no multi-families and the single families are getting bid on both by investors and just regular folks looking for a primary residence.

However, it's important to ensure that all requirements for a valid 1031 exchange are met, including identifying replacement property within 45 days of the sale and completing the exchange within 180 days.I would suggest you get with a real estate focused accountant asap to take care of this.

Investment Info:Single-family residence buy & hold investment in Philadelphia.

Investment Info:Single-family residence buy & hold investment in Philadelphia.

You can find them on FB marketplace too, but be careful - there are many scammers out there.

This can be found on the county auditors website in many cases and will help you verify if the changes you see are in line with broader urban planning strategies.Engage with the Community: Sometimes, the best insights come from local residents.