My duplex - built 1989, 2,060 sf, 2 bed/bath, 1 year old roof, value if I subdivide (county already approved) and sell each separately $150k each ($300k total)Investor duplex - built 1995, 2,300 sf, 2 bed/bath, 5 year old roof, value around $310kThe investors initial request was for an equal trade and they would pay realtor fees, which I replied wouldn't be equal due to buying/selling costs (recording fees, title insurance, closing fee, survey, inspections, loan fees, 1031 fees, accountant fees, repairs), taxes would increase due to new sale price, I'd trade a 3.75% mortgage for a higher one, and I'm on the 10th year of a 30 year loan so resetting that to a new loan would restart amortization and pay more towards interest.

Hello, we are middle of purchasing our 2nd property.

The breakdown is as follows:2 bed / 1 bath1 bed / 1 bath1 bed (studio) / 1 bathThe property was previously rented out for a combined total of $3,400 per month.

It was only purchased about a year ago and is in really good condition and fits the space really well.

Purchase price: $375,000 Cash invested: $87,000 STR What made you interested in investing in this type of deal?

Board games can be worth it, but I'd keep it minimal - maybe 2-3 family-friendly classics.

One lot has a 2 bed and one bath cottage that was an existing STR. 

Purchase price: $415,000 Cash invested: $90,000 MY FIRST RENTAL PROPERTY !!

Quote from @Brandon Snyder: Adam, that off market inheritance lead sounds like a perfect opportunity for a first purchase.. especially since you’ve already built some rapport with the seller’s family.

I also see you have a 7 night minimum athe the 2 bed in Sarasota.