How do you define maintenance in the lease? 

The IRS defines a repair as something that keeps your property in good working condition without significantly adding value or extending its life.

@Bryan Field how will you educate yourself on all the legal aspects of managing rentals?

- Are there specific aspects of STR market analysis that you find lacking in current resources?

MO has a pretty well defined zoning laws and regs.

The biggest variable is probably the tenant, but I think they do a very good job leasing properties quickly & keeping tenants in place which is the most important aspect in my book in a successful portfolio! 

Part I.IntroductionSponsor underwriting is a critical aspect of real estate and investment analysis.

By working closely with our partner Rodney Lomax, we ensured that all financial aspects were handled smoothly, enabling a fast transaction with minimal hurdles.

Some terms you may find helpful:Repayment Schedule: Clearly outline the payment schedule (monthly, quarterly, etc.).Balloon Payment: If applicable, specify the amount and due date of any balloon payment.Prepayment Penalty: State if there’s a penalty for paying off the loan early.Default Terms: Clearly define what constitutes a default and the consequences, such as foreclosure procedures.Insurance Requirements: Ensure the buyer maintains property insurance.Maintenance Responsibilities: Clarify that the buyer is responsible for property maintenance and repairs.I hope this helps you out, have a great day!

There are specific rules for 1031 exchanges including:The replacement property must be identified within 45 days of transferring the relinquished property.The replacement property must be received within 180 days after the transfer of the relinquished property or the due date of the taxpayer's tax return, whichever is earlier.Special rules apply for exchanges between related parties (defined in § 267(b) or 707(b)(1)).Real property located in the United States and real property located outside the United States are not considered property of like kind.Cost Segregation StudiesA Cost Segregation study is an IRS approved federal income tax tool that increases near term cash flow by utilizing shorter recovery periods for depreciation to accelerate return on investment.