You could use a 1031 to avoid that, but then you have the 1031 fees which would also eat in to your potential profits.

Additionally, thorough due diligence on potential replacement properties and their income potential would be crucial to optimize the 1031 exchange strategy.

It actually held up the potential purchase being owner/occupied.  

From crafting compelling listing descriptions to leveraging social media platforms effectively, attendees learned how to attract more guests and increase bookings.Revenue Management: Maximizing revenue is crucial for STR success, and attendees gained valuable tips and techniques for optimizing their pricing strategies, such as implementing StayFi to build valuable email lists of potential repeat guests.

What neighborhoods have some of the best growth potential?

I am also potentially looking to expand into managing mid-term and short-term rentals.

Utilizing a combination of these tools can give you a well-rounded view of the potential costs involved in building a house from scratch. 

Also, maybe talk to a local bank to understand what they would lend on so that you can help educate a potential buyer… also, I would be interested in knowing more about your offer.

There is a huge difference in value.Also, your valuation of the value of the structure based on potential rent does not account for the value of land, which you are not providing. 

This community is a great place to connect with potential partners, mentors, and learn more about funding options.