Energy tax incentives were expanded and extended through 2032.Be sure to keep an eye out for any changes to 1031 exchanges and capital gains tax rates.Buy, Borrow, and Die StrategyA great estate planning strategy for transferring wealth and minimizing taxes is the Buy, Borrow and Die Strategy.Buy: Purchase multi-family properties that are appreciating in value.Borrow: Use HELOCs or cash out refinancing to pull equity out of the property as it appreciates.

So, like Chris said, there is no way that Airbnb does NOT impact the market, but it's impact, in my eyes, is grossly overstated, at a high level.

Thanks This thread caught my eye as about 2-3 weeks ago as I had an out of state investor reach out to me asking my advice on the same situation.

It might be worth going for the townhome now and keeping an eye out for multi-family deals down the road.

I would keep an eye on things as you transition to Evolve as your manager.

I can usually save a decent amount, especially if I keep eyes out for deals and buy when these items are priced most competitively and not necessarily when I need them.Using the bathroom remodel apartment as an example, I will spend $1,500 more per unit than most of my competitors who renovate in the same market but that $1,500  (5% of my apartment renovation budget) gets me  oversized soaking tub in most units, nicer tiled bathrooms, counter tops that don't look like every other apartment in the neighborhood & a step up in appliance package and better quality fixtures.

It's best to get licensed so you will have a competent broker, a second set of eyes on the transaction who will help keep you out of trouble. 

Terms, covenants, conditions, easements, restrictions, reservations and other provisions, including provisions which provide for a private charge or assessment and also provide for an option to purchase, a right of first refusal, or the prior approval of a future purchaser or occupant, according to that specific Declaration of Condominium"ButThere is also ALTA 4.1 CONDOMINIUM--CURRENT ASSESSMENTS ENDORSEMENT which states: The Company insures against loss o rdamage sustained by the Insured by reason of: Any charges or assessments provided for in the State condominium statutes and condominium documents due and unpaid at the Date of Policy.Looking for advise on next steps.

Just keep an eye on the community of how many rentals come up, how much they charge and how fast they fill.

Always glad to offer a critical eye, especially when it comes to the financials!