Also for STR, you made need to get things replaced more quickly to reduce cancellations, which might cost more for an “emergency fix”, so I’d always have that cash ready to go.

If not, SMLLC (if you live in CA, talk to your advisor about this) will serve you well and reduce your tax compliance fees (not taxes). 

In sum, about $400K equity could be taken out from the refi, reducing the current interest rates ranging from 4% to 4.8% to the new 3.5% for 30 yrs fixed.

fbclid=IwAR3bPC-Ub1HbQE1yp_845HRwcTLYiMZkvvtd8EncoReyLVeAw6a1_QrycXgYou'll notice a lot of the panhandle beaches mentioned in these lists (Destin, Santa Rosa Beach, Miramar Beach, and Panama City Beach) --  Best of luck to you -- I know 1031 exchanges can be stressful, lol!!

The first is, in the event of a partial loss, the claim is reduced by depreciation of the area damaged. 

If the difference is more, you need to find the receipts for all the improvements you did on the property to reduce the amount of actual gain as much as possible. 

The article was published by The Washington Post and it highlights three important investor qualities which I summarized as thick skin, strong stomach, and knowledge.  1.Thick Skin: Beginning a real estate investing career will come with some stress and challenges that include securing reputable general contractors.

It was the most stressful job I've ever done but he lessons as confidence I've gained from this will stay with me for life. 

Rising rates also increase costs for businesses, reducing their earnings and putting downward pressure on stocks.  

What do you guys know about utilizing the stress test when running the numbers on properties, and is it really something that needs to be done?