Once the 1031 exchange is completed (again assuming 1031 compliance), I can continue to rent the property indefinitely or at any point after 2 years of rental, use it as a primary residence and thereafter living in the property for at least two years qualify to use the Section 121 Exclusion to eliminate capital gains entirely (gains estimated to be about $70 K, well under the $250,000 single filing limit).

I know they make marijuana smoke detectors as well as surface residue detection tests.

Hi everyone, i hope you are doing very well and happy.

It’s a part of the state many investors stay away from because they don’t know the market, if you’re from the area and know it well this could be advantage for you!

Huge mistake - almost everything has gone wrong, the Property Manager they set me up with was unable to manage, had to fire them, find a new PM, and more than a few other problems.

Guess I could get some connections to contractors as well/.  

Relatively local, but I DO NOT want to manage my own properties, and well, can't given other time constraints, so a property management company is a must in the decision making.Each home is paid for, each needs about $15,000 in rehab to make rental ready.

Everything went smooth and the property is performing well so far.

I am a real estate agent in South Florida that specializes in short term rentals 😊 would be happy to set up a call with you and chat! 

Please share your insurance broker with me as well!