I'm in the Charlotte,North Carolina area and looking to get into the laundromat business if you have any advice or knowledge on the subject please let me know.

So if you have any additional gain left over after taking the 121 exclusion, including the depreciation recapture, you can shelter the rest in a 1031 exchange.

@Carlos LezEvacuation plan is a simple plan like you see on every hotel door.

I have a Wynd sensor in my units (mention that we have it and it's 99.9% accurate in our emails), put it in my house rules that it is a $250 fine, and have a sign small above the detector with the same language.

I have to think a ski town is all about STR  not the opposite

You can have a great STR in lots of places that do well. 

It simply amazes me how many landlords never look at the law until they are hit with a non-paying tenant or some other issue.  

I have a lead on multi-family deal that should cash flow at least 1k/month, probably more.

If Oklahoma has a law called "Predatory Real Estate Wholesaler Prohibition Act", don't you think that might just be a state to avoid for a new wholesaler who doesn't know much of what they are doing yet?

Hi Sharad, if you're looking to invest in small multifamilies and want cash flow, you're going to have to trade this off by the type of neighborhood that you'll be looking at.