This code allows property owners to avoid paying capital gains taxes when they sell investment property and reinvest the proceeds into another investment property through a qualified intermediary, within a specific timeframe.For context, we support about a dozen luxury STR investors annually acquire Oregon Coastal vacation rentals with the majority of those clients originating from out of the area or State.

In some cases, it may not help you make more as a STR, but you need to think about when you possibly sell the property and make good decisions for that time.  

They are asking us to help them sell and/or convert them into a rental.

- Like @Sarah Kensinger said, Instagramable walls are a huge selling point.

The only way we can support that is to adjust the selling price to compensate to some degree - spreadsheets are great in seeing what is needed to make us and them happy.Hope this helps .  . 

Are there any good resources I should look into to learn more about this process?

Everything else in the area is selling for 440-460k and still needs 40-50k in cosmetic rehabOur client is putting 10% and using an FHA loan.

I think if you go in with the mindset of 'I think I'd like to live here, but if not then I'll sell it and buy one in the same market that I really want to live in.'

Even with the recently improved ADU regulations, for most house hackers it still a long process that could leave them with a unit that is not legal.

Your relationships you build will bring way more deals that random wholesalers who misrepresent the entire process to the sellers and daisy chain a game of telephone 8 deep on a property.