Each person’s core values are unique and shape how we live our lives and make decisions.

Sarah,Almost forgot to mention a BiggerPockets featured book: "Lend to Live" by Beth Pinkley Johnson and Alexandria Breshears. 

I own more units than qualifies for the exception and I don't live in any of my rental properties.2) 3x rent is illegal in Colorado now. 

Kinda feel I’m stuck with them but at the moment I have to live with it.

I would like to share a nightmare I am living lately.

But they are for sure doing bong hits in the living room.Anyways, I have found that weed smell comes out WAY easier than cigarettes.

Your first investment is best around your living situation.6.  

Hey @Deborah Williams, Multifamily Live is a virtual event from May 9-11th.

The problem with that is two-fold: first there are likely existing assets that are not replaced that qualify for shorter asset lives so you're leaving money on the table, and second you have no cost basis for the removed assets replaced in the remodel as they're intertwined with the initial building cost basis so you'd technically still be depreciating retired assets which is tax fraud. 

So from 2025, I’m thinking of living upstairs and running bottom floor (half of total RSF) as an STR.