You may be required to make estimated tax payments when the property sells.It depends on what your 2024 total taxes due were and 2025 estimated total taxes / withholding / estimated payments are.If you pay in atleast 90% of the current year tax or 100% / 110%(Depending on 2024 income), you are normally considered good.You may want to consult with an accountant for more clarification.

While I love upstate New York, I get the opinion that most people are here because of work or family and would rather live somewhere warmer.   

Hi Collin,After managing hundreds of properties, I always keep an eye on short-term rental trends, especially in key markets like the Smokies.

You are buying into a business to pass down to future generations, not to mention a vacation home or retirement plan.When I talk about my investments I don’t talk about a 4 unit ugly building in (insert boring/cheap state in the US).I talk about Europe!

@Kenny Smith the data I saw yesterday from Metro Denver Economic Development Corporation says that the front range is losing a few folks and the Western Slope is gaining a few more that your above number so while Colorado is gaining, the front range is losing and the Western Slope is gaining more.

Martel did this in cleveland and you should read those threads as well. 

We'll be renovating it over the next several months and then getting a renter in it. 1/16/23 Update.

You should check with your 1031 provider quickly.

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The last deal I bought for myself was off market from an investor I knew at my gym.