This is exactly what the 1031 is designed for - to let you change demography, geography, and type of real estate to get better returns (and get rid of that snow shovel - my wife is from Brooklyn Center).

And if you add some snow shoveling and summer landscaping and you have rei cross fit!

I've been in search of really any deal I could find that would cashflow a minimum of $350/mo out of that gate after ALL expenses (management fee, maintenance, insurance, lawn/snow, P&I). 

@LaTonya Snow I am a host in the area and I think you’re doing a great job advertising, I will certainly keep you in mind and pass along your info to other hosts!

Cleaning fees (which are usually passed on to the guests), sales and room taxes (pass through), snow removal, credit card fees, wifi, and I recommend professional photography (only once).

Someone takes a slip and fall out front of one of my duplexes and I'm liable because I didn't properly clear the snow or whatever.

I would like to use the BRRRR strategy that will snow ball into our buy and hold investing career.

No claims of discrimination No escrowing security deposits No lease agreements No maintenance calls No noisy neighbor calls No police calls No snow removal/lawn mowing No slip and fall claims No checking for unauthorized tenants No pets to worry about No rents to collect or bad checks No notices to hang on doors No property inspections No modifications to meet codes No tax reports RE Taxes No personal property taxes on non-real estate items (free standing stoves, etc.)

You'll need down payment money, closing costs, money to start the construction (because you get construction money as you go, not up front) and money to make interest payments, money for insurance, utilities, snow removal, taxes, etc.  

We are now looking to invest in the Cleveland market and are underwriting 10+ unit multifamily for BRRRR.We are just diving into learning the market and the little nuances like point of sale inspections and snow.