•Mid-term rentals (30+ day stays) can be another fallback option, especially for traveling nurses, corporate workers, and digital nomads.5.

The first house I bought, I lived there rent free, AND mortgage free, while renting rooms to other people.

Feel free to reach out for some recommendations. 

Hi Stephan happy to connect I'll be in town soon so feel free to Dm me your phone number

However, purchasing the replacement property from an estate where your mother-in-law is the executor and other heirs are your wife's aunts and cousins raises potential related-party concerns under Section 1031(f).The IRS generally prohibits 1031 exchanges between related parties unless both the buyer and seller hold their respective properties for at least two years after the exchange.To stay compliant and avoid disqualification, ensure:The estate sells the property directly before any distributions to heirs.You hold the replacement property for at least two years.The transaction is conducted at fair market value with no prearranged agreements.Given the IRS scrutiny of related-party 1031 exchanges, consult a qualified CPA or 1031 exchange accommodator to structure the deal properly and avoid potential capital gains tax liabilities.This post does not create a CPA-Client relationship.

For running numbers have your realtor if he invests run through it with you or use one of the free investor calculators on BP. 

If that works you may end up with tenants who stay longer and fewer vacancies.

Feel free to reach out with any questions and I can give you a few scenarios on what your options will be. 

I personally only use TN LLC because I am diligently maintaining all corporate formalities and staying up date with state LLC laws, this is my personal choice but again.. this all depends on your specific risk tolerance and investment situation. 

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