I've been doing 3-6 "trial leases" for new tenants and they can extend after; however, I have a W2 sales job that takes a lot of my time.

They need to understand that they will be taking over responsibility for making mortgage payments while the loan remains in your name.Legal and Ethical Considerations: Ensure that all aspects of the transaction comply with local laws and regulations regarding real estate transactions and disclosures.

Taking it nice and slow and trying to not make mistakes that cost time and money.Thank You for the Input in Advance,

In other words, attempts to bypass payroll taxes and gift/estate taxes.I'm not for ignoring the rules, especially when it takes so little to comply.

Currently,  I use direct mailers, so I am curious to know what avenues other take.

I understand that for 1031 exchange, I need to purchase another one that is $1M or higher in order to take all the tax advantages.

This is a great place to learn and to connect with people so take advantage of all the great resources.

Most good BRRRR value-add improvements are taking something nonfunctional or significantly distressed or dated and making it decent and more modern.

Both of these are unlikely but do you want to take that risk?

You can get a roommate on your side if you want but when the time comes that your tired of having a roommate you can easily not renew and not take a big hit with lack of income since it is only one room or so that you are eliminating.