That house will rent for less than $3,000 a month so you'll have nothing left to set aside for vacancies, property management, etc.Learn how to crunch numbers, then work with a professional that can help you understand the true costs of a market.

Then you can reinvest w/no 1031 stress.The step-up in basis provision adjusts the value, or “cost basis,” of an inherited asset (stocks, bonds, real estate, etc.) when it is passed on, after death.

Which would effectively reduce finance cost.And allows for other options such as offered by ROCusa.org (Resident Owned Communities).https://rocusa.org/whats-a-roc/what-is-a-roc-how-is-it-diffe...Together these options allow the residence to keep their costs within their own control, and continue to live where they are. 

It will end up costing you unless you're already a skilled contractor type individual.Get to know your neighbors that maybe around your property, especially if you're in a HOA situation where there's a mix of STRs and residential properties.

And certainly park owners could and should share in some of the costs in this type of venture. 

Property is cheap and the numbers look good on paper, but I think reality hits a lot of people like a sledgehammer with turnover costs, vacancies, problematic renters, maintenance, etc.

The latest Cost vs.

I would take it a step further if you can and join a Mastermind group, cost is fairly low, but you get so much knowledge and meet so many investors that are doing all sorts of deals.

I have been investigating having cost segregation studies done to two STR investments I own.

Below is my high level numbers -Property cost: 500k - 600k, Rehab cost - 100k - 150k, so total project cost: 600k - 750k.Please let me know your thoughts.