Let’s discuss below!

@Eric SmithGenerally, if the taxpayer sells the relinquished property to an unrelated party, the taxpayer generally cannot acquire replacement property from a related party unless:The related party is also participating in a 1031 exchange.The related party pays more in tax on the sale to the taxpayer than the taxpayer is deferring in the exchange (this scenario is rare).Let’s look who is considered a related party: Spouse, children, grandchildren, parents, and siblings.Corporations and shareholders owning more than 50%.Commonly controlled corporations.Partnerships and partners with more than 50% interest.Trustees, grantors, and trust beneficiaries.Non-Related Parties:In-laws.Aunts, uncles, nephews, nieces.Friends.Domestic partners.Entities owned 50% or less by the taxpayer or a related party.In your case, your mother-in-law, aunts, and cousins are not considered related parties to you under the definitions in Sections 267(b) and 1031(f).

Let me know if you need information about the areas of town or if you would like help walking properties, etc! 

Also, co-living situations or top performing short-term rentals can produce a pretty high cash on cash return but again they are pretty active with a high turnover of tenants and guests unless you find someone else to manage them and then you are usually paying a good portion of the profits to the manager.But let's say that you have a job and are not interested in fixing and flipping or a high turnover type of investment and you would rather be a more passive investor.

You'll let them break their lease and hand them cash.I manage 400 rentals.

Let’s talk about it, because if you’re like me, you want to know what’s really happening in real estate and what it all means for the future.Here’s the good news.

I will let you know LTR property managers typically charge 8-10%.

Lets say you have a backup and you open that cleanout, everything upstream is gonna come blasting out in your face. 

I don't have your answer, but I do want to let you know my concern.  

I let the booking expire and figured it was a troll.I then get another request from the same person about a month later for the same dates.