Do not rely on it for legal advice.

I wouldn't touch Franklinton with a 10' pole on the existing inventory side. gravity 2 is being auctioned and sold by the developer the area didn't support office developer lost millions:https://www.bizjournals.com/columbus/news/2024/12/19/gravity...linden I agree on if you can get a good deal. super fast appreciation. small homes, close to downtown, you can look at year over year and it's going up fast but also fast to change. any urban adjacent neighborhood is going to be good. 

Once you find this range you should be very close to understanding your buy box. 

If I sell the property for 130K, after assciated closing costs, I will basically break even.

Hey@Stephanie Medina, so if you are close to your new STR you could start scouring FB marketplace, Craigslist and others for used USA made furniture.You can get great stuff for pennies or even free.

If you are selling for 1M after closing costs you could purchase two 500k properties in your exchange and own one cash and a mortgage on the second.

You and your legal, tax and financial advisors should review this transaction in greater detail, especially the PLRs, to ensure you understand the significant risks involved and are structuring the transaction as close as possible to the PLRs to mitigate some of the risks.

As a former house hacker myself, I'd suggest you try not to get too close (in terms of friendship) with your tenants - the tenant/landlord relationship can make it tricky to become friends.Do you have a price range or down payment amount that you're targeting?

This means youll need to be licensed, work under a broker, and be fully operational as an agent, even if you dont close any deals. 

Because when a hot deal comes up and you need to close fast, that relationship can be the difference in scoring the deal.