Recognize there are challenges doing BRRRRs since the rate increases that have occurred in the last couple years

And you increase your ROI.This is exactly what the 1031 exchange is designed to do.

The article is based on # of sales, not price increase or decrease.

You can add different ways to reach out to improve your conversion for owners you are hitting or you can increase the amount you are sending. 

In 2022 the rents increased 12.1% year over year which was the 3rd highest in the entire country per https://www.axios.com/local/cleveland/2023/02/14/cleveland-rent-prices.

Quote from @Nate Marshall: Quote from @Robert Short: This is my concern as well.

I just got a notice from the MD department of assessments & taxation that the value of my property will increase from 120k to 261k , spread out over 3 years equally.This is a ridiculous increase of 118%.

@Placeholder PlaceholderOne word of caution I would advise: If a community or local government is enacting restrictions and also regularly enforcing them, then its often a reflection of the local community sentiment which increases the chance of a neighborhood or nearby resident calling you in if they think you may be running an STR.

If you have questions or concerns about the project, reach out to me!

Be ready to explain the benefits and address concerns confidently.