I can definitely tell you there's still a lot of positive cash flowing and 1% rule deals and you get amazing appreciation.

Research this carefully, set your goals beforehand.For instance, I needed to cover a debt service from my relinquished property, I wanted a DST with an experienced sponsor with a good reputation, and I wanted a 6% return.The return I was demanding eliminated much of what was out there.It was VERY easy to eliminate the many DST brokers out there.  

Unfortunately, you cannot ignore depreciation rules for 2023 even though you sold the property.

My question is if I see a property I really like now, how easy would it be to refinance in Q1 2025?

It is fairly easy to get a loan modification or other alternative to foreclosure (Assuming its Fannie/Freddie, which is still 70% of the market) these days and values are not declining so, its not like we were chasing values down like we were 08-16."

Hey @William Brock - Did you or any of the other STR investors in the Canyon Lake area see any difference following this ruling in 2020?

It makes it sounds so easy, and I gather you've built a model that has access to the right data and performs the right math. 

From what I've seen, everyone is buying for appreciation only: properties rarely meet the 1% rule -- more reach 0.6% or so.

It’s really pretty easy.

I have a hard time believing this since the IRS describes it as a "special allowance" and "exception to the general rule".