The seller has set up a functional equivalent of an asset or stock sale.

Solid cash flow, well-built building, a commercial operation that was well functioning and had been in existence for 14 years.

So far we are making improvements as needed, but they are functioning and cash flowing well.

If you'd be looking to turn around and re-buy a functional equivalent home in the PC market then it would just be an expensive move. 

broaden the marketing a bit...occupational therapists, physical therapists, resperatory specialists and on and on...they have outsourced all these formerly doctor functions to specific professionals now, and like traveling nurses they are often young, getting paid well and love to travel.

How bad does the basement flood, and when (ask the renters).Plus the example you provided has paint peeling off, splitting dry wood, and siding in need of repairs.And is that a paint color you want to rent.It looks like it might be a "Matchy Matchy" block with similar roof line houses.Look at the home to the right of it, soft colors with a white trim, looks much more "CLEAN" to me like it would draw a better renter, and a few dollars more a month.If it's a "matchy matchy" look for the most visually appealing home that matches and base new color choices on that.Dose the rest of the neighborhood have "Jail doors" on the front?

Here's the structure & terms of the 50/50 cash-sweat equity partnership:Money partner obtains loan and the contract on the property Sweat equity partner performs day to day management functions on the STR or LTRAfter closing, the money partner holds a “mini mortgage” with the sweat-equity partner in the amount of the sweat-equity partners half of the down payment/closing costs/furnishing costs.

Hold for one year, get a T12, sell property as a functioning business and then 1031 into a more desirable asset (large multifamily or an airbnb that you, your friends, and your family can personally enjoy at a much higher rate.

or, it could be a combination of all those things....Lastly, the issue with the washer/dryer...if the washer/dryer you had was functional, it seems weird to get rid of it...if this is a luxury unit, then yes--you would probably need new high-end appliances to be competitive...but if it's just a typical C-to-B- grade rental, then an older (but functional) washer/dryer should be fine...do you feel that the PM is mentioning the washer/dryer as an excuse for not getting it re-rented?

Hold for one year, get a T12, sell property as a functioning business and then 1031 into a more desirable asset (large multifamily or an airbnb that you, your friends, and your family can personally enjoy at a much higher rate.