He’s ready to test drive a few versions of his selected car.

There are only the ownership and use tests.

Passive investing in a custodial fund ran by a 3rd party and earning returns is great, but if you want to really learn the asset class inside and out you must roll up your sleeves and get your hand dirty.

It requires a thorough understanding of zoning/future use, the municipalities' building codes, soil testing/standards, impact fees and more. 

Also recently heard on the podcast that since we manage property 1 we can roll it to a second home loan.

The unit tested positive for meth and was condemned by the health department

I think what Michael blank was stating and I am guessing as did not hear it is you continue to 1031 and roll your proceeds. 

I’m thinking I’m going to get other bids and since I’m financing the property roll the price into the loan and have the tenants pay for it over time. 

Need advice on what to do to get the ball rolling.

Keep rolling with more STRs or take the cash flow from the STRs and put them back into more LTRs since they are passive.