Tight inventory can definitely be a challenge, but it sounds like you’re taking proactive steps.

Renting out technically may not be legal for this property. 

Technically, I have two rentals, but the second one is muddy as above because it's our marital property.

Even better, I might be able to snag it well under market value since it's an estate sale that's been sitting on the market for nearly 200 days.Here’s the challenge: while I could afford to purchase the property under market value, I’d be stretching my budget thin to cover the mortgage during the period I’d be remodeling the basement to make it rentable.

Many buyers in this market are experiencing challenges. 

The ADU would then be used as a long-term rental.Does this qualify as a “like-for-like” property exchange even though I’m technically not buying another property and does a 1031 apply?

Successful BRRRRs are challenging enough to do local to you.  

I’d love to hear how it’s worked for you and what challenges you’ve faced.

I’d love to connect with anyone willing to share a little bit about their investing journey and its challenges, or someone who is simply looking to connect.

A link to FilePlace is at the bottom of every page, making it easy to find.If you have technical issues, email [email protected], and someone will help you.