But local governments are allowed to license and inspect properties.While the proposed changes would ban ordinances that specifically target vacation rentals, cities and counties would still be allowed to pass ordinances dealing with noise, parking and trash, so long as they apply to all residential properties, the bill’s supporters stressed Thursday.Much of the debate on the proposal focused on the property rights of people and businesses that own the vacation rentals and the property rights of neighboring homeowners.

If you can buy this off market, then you can reduce the offer amount by at least 6% since no agents will be involved.

Once you go over that amount, your deduction is reduced $.50 for every dollar over the limit until you hit $150k where all losses are disallowed  in the current year and carried forward. 

Put the unit on the market for rent to reduce vacancy cost.

. 🤔 Dauntae, continue saving money and reducing expenses.

My plan was to just pay the capital gains and not stress on doing the exchange but I'd rather not leave money on the table if there is a choice.

If you purchase in one of these areas, I think you will see some nice potential appreciation, while paying down your equity (try to house hack if you can and really reduce those monthly expenses) and then turn it into a long term rental.  

In order for them to sell you would either have to be paid in full or your would have to accept a reduced principal amount in the terms of a short sale.Did you invest as an equity investor in the company?

Rents are generally the biggest and easiest as it is always easier to bring in an additional dollar of revenue than it is to reduce a dollar of expenses - both impact net operating income which equates to an increase in value.

Ive seen negotiations where the selling price is reduced 50K, the seller agrees to 1.5% closing costs in addition to 50/50 escrow & Title.