Additionally, I have qualms on the assertion that parking/traffic is an inherently negative attribute of STRs, again, because it applied without recognizing how an owner occupant utilizes the property during their routine (maybe they have 6 cars...maybe they have deliveries scheudled every day...maybe they choose to throw house parties for their family and friends once a week).2) Density (as proposed): Wow...this one screams slippery slope and significant impacts to investors.

Learn to recognize obvious cancellations, a create a good due diligence plan (i made a post with how i prospect and the order i do my due diligence, let me know if you need a link)Hope this helps!

The basis transfers, and no gain or loss will be recognized.

By the way I’ve made these “friends” starting in this forum and that is genuinely and honestly what they are - I love bigger pockets for that so great start!

DSTs are a form of IRS recognized fractional ownership interests which can help achieve these goals.

Also, if your loan was conventional; Fannie Mae recognizes the legitimacy of a QC between the mortgage holders and the LLC so long as the LLC is controlled by the borrowers; If the property was owned prior to closing by a limited liability corporation (LLC) that is majority-owned or controlled by the borrower(s), the time it was held by the LLC may be counted towards meeting the borrower’s six-month ownership requirement.

Your job should be to study your area, go to meet ups with people in the game that you want to be like and you will be amazed with the opportunities that will present themselves to you because someone recognizes your drive.

Let everyone know they are in the market.If you know the market well, you'll recognize a good deal when it comes along and pounce on it quickly.

I work as a Hospice and Palliative Registered Nurse and have been to a lot of Residential Assisted Living Facilities in our community and I recognized that there is a huge need for facilities that can provide outstanding quality of care to our elderly population, hence the investment for a RAL.

I got to the point where I could recognize a deal and now I needed money.