After 8 grueling months at an especially brutal restaurant job I decided to leave and transition fully into real estate, even if it means I won't be able to use bank financing on this first property.

Since your new to the game, I recommend setting up all of your systems at it's infancy so when you scale, its a seamless transition.

Hi All,My partners & I are putting up our duplex up for sale in Albany, NY & are looking to transition a 1031 exchange into an out of state STR in Savannah, GA.Does anyone have any company recommendations or anyone on BP that can do 1031 exchanges?

Plus, as sellers who may want to transition have to consider losing their super low rate to enter a 6% loan market if they want to buy, and new-home permits are down, I see inventory still tight, made up of more foreclosures, estates, those who get transferred for work, all the situations where you need to move, with much less of the those who just want to move. 

And then buy another property and live in that home for how long, house hack in that residence, move out, and transition from that house hack to a buy and hold strategy, to pull equity from there and continue to house hack again?

It's a good idea anyway to transition to a purpose-built property management software.

Hoping to transition to in person in the summer months.

(Just outside of Seattle)I bought this deal off-market from Todd Baldwin, a previous guest on the BP podcast who did house hacks in the greater Seattle area.He already had it set up as a room rental, so I was able to just move into one of the vacant rooms as soon as a lease was up, and transitioned extremely seamlessly to being the new owner.What made you interested in investing in this type of deal?

Your taxes will become more complicated, as you are already seeing, as you transition properties to rentals and complete rehabs and acquire more properties. 

Good morning - I’m transitioning from LTR (9 doors) and managed by PM’s to STR and will be self managing using price labs and Guesty along with ABNB and Vrbo to self manage for my first property.