The median sold price soared from $600,000 last year to now $720,000 among 2-4 unit properties in Suffolk.As seen in Nassau, the average days on market have declined by nearly two weeks!

You need to make sure there is room on the electrical panel to add larger appliances and also plumbing is easily accessible (to keep costs down). 

So we will eventually sell and part ways with Colorado (where we live now).I've scoured the following markets: Reno, NV, Salt Lake City, the Oregon coast, Bend, OR, Sacramento, CA, Lake Tahoe (CA/NV) and touched on most places in between.

Any pro tips you can share as far as vetting tenants or collecting rent? 

I do feel like this is a missing piece right now.

Currently, she has overseen repairs and we are now trying to place a new tenant."

Probably the same for most BP members.Both of our bankers $25mm and $1.5mm Fed loan Cap rate said their customers are out of Covid Government money deposits, thus they, the banks, are not pushing loans now. 

Is it worth it and are there any helpful tips you can share for getting started?

We started a management company to manage our current arbitrage units and now we manage other client's properties.

@Patrick FricchioneIRC section 121(d) now sets a specific holding period when a 1031 replacement property converts to a principal residence.