If you would like to connect feel free to DM me. 

As a general rule I would always say it is better to get a return on your equity rather than leaving it sitting in a property you own free and clear.

Feel free to message me if you want to Network.

Good Sponsors should have a portfolio of properties in different regions, and usually select properties rated Class-A—high quality, newer buildings with top amenities and low vacancy rates.    

Yes if it is primary and you lived there for 5 years, probably do not need 1031 as up to 500k is tax free for married filing jointly and 250k for individuals.

If so, then it should be a tax free sale.

In our experience, the #1 mistake owners make when selecting a Property Management Company (PMC) is ASSUMING instead of CONFIRMING.It's often a case of not doing enough research, as they don't know what they don't know!

Feel free to message me if you want to chat further. 

Devang,  We had a free & clear property that was vacant we were considering for rent; In my area we estimated it would rent for roughly $1k per month.

Especially for STR, you could literally put a sofa bed in the living room and accommodate extra guests (before you all scream, this is fairly common even in high end STRs and I've never heard of complaints, but feel free to cite other experiences).