Additionally you are released from any restrictions for occupancy after one year.

Its been standing for the past 30 years and I did not notice any concerns with settlement, etc. 

Unless you are in a vacation area, I would never buy a STR that does not work as a LTR.Regarding another pandemic, we have one like every 100 years, so I am playing the odds that we are not going to have another covid lockdown situation anytime soon.

When you donate appreciated securities that you have held for more than one year, you can avoid paying capital gains tax on the appreciation.

Hey Jason, I know plenty of investors that pay anywhere from 1200 bucks a year to 5000 dollars per year, really depending on their situation and complexity.

Example:-------------------Tenant A - Grandma Millie's Sewing ShopBeen in business 1 year, decently profitable, signs 5 year lease.Rent = $60,000/yearTenant B - Eye Doctor office.Been in business 5 years, quite profitable, signs 5 year lease.Rent = $55,000/yearTenant C - Subway5 year leaseRent = $50,000/year-------------------If I assign the following Cap Rates, I get these building values:Tenant A / 10% cap rate60k/.1 = $600,000Tenant B / 8.5% cap rate55k/.085= $647,000Tenant C / 7% cap rate50k/.07 = $714,000(or even $45k at 6% cap rate = $750k)-------------------I just made up all of these numbers.  

The first thing I had noticed from watching LoopNet over the years and limited research was that dealing with commercial brokers appeared even trickier than residential.

You'll likely end up paying short-term capital gains taxes if you sell within a year, which can be pretty high since it's taxed like regular income.So, before diving in, make sure you have a solid plan for these scenarios.

@Abel Curiel the neighbors have been neglecting the property since they moved in about 2 years ago which was shortly after I took over my house. 

I own multiple LLCs and partnerships, and I’ll be moving between different houses over the next year.