if you have substantial equity in your primary resi that you want to turn into a STR.. sell it and take the tax free gain and then buy a true investment STR.. the tax free gain is the best tax treatment there is.

We would only buy once we find one at a discount ideally following the 70% rule so that could gain substantial equity from being renovated and refinance sooner. 

He suggested so far I work on identifying my target market, know the influencers for that market, differentiate yourself in that market, and communicate with that market.

Plan ahead to avoid costly late fees.Eviction will be filed on you immediately.When you are evicted, it goes on your permanent record, and it will be extremely difficult to find another home to rent.When you are evicted, you are billed for our attorney's costs.When you are evicted, you create a substantial monetary judgment against you, which if remains unpaid is sent to a collection agency and affects your credit and credibility.PoliciesYour lease outlines our policies in detail, so please be sure to become familiar with them to avoid a phone call or worse, termination of your tenancy.

On the serious side, I don't think you'll see a major difference between the Big Box stores and anyone else unless you are buying a substantial amount, then it might make sense to talk to a local roofing company to see if you can jump in on their order and get some scale benefits together. 

Both substantially higher than my out of the area cash flow properties where I end up with IRR closer to 15% with much higher CoC.

Internal Revenue Service, or received an Economic Impact Payment (stimulus check) pursuant to Section 2201 of the CARES Act;3) I am unable to pay my full rent or make a full housing payment due to substantial loss of household income, loss of compensable hours of work or wages, lay-offs, or extraordinary out-of-pocket medical expenses;4) I am using best efforts to make timely partial payments that are as close to the full payment as the individual’s circumstances may permit, taking into account other nondiscretionary expenses;5) If evicted I would likely become homeless, need to move into a homeless shelter, or need to move into a new residenceshared by other people who live in close quarters because I have no other available housing options.Source: https://www.cdc.gov/coronaviru...The kicker is all the tenant has to do is sign the statement, but you, the LL are allowed to challenge it. 

@Dawn P. do you have an instagram or any social media where you influence others that want to be investors?

Most of my applicants carry an what seems to me a mind-blowing amount of debt - examples - 6 plus credit cards with balances (some right up against the maximum) with minimum monthly repayment adding up to a substantial amount of their income , car loans for cars that cost more than a full year of their income... one recent applicant that has already accumulated $7,000 of consumer debt only 1.5 years after a bankruptcy. 

Not doing a 1031 will result in a substantial six figure tax bill and force him to redeoploy the cash somewhere else, like equities, etc.This is the story of the residential real estate market in America today.