But it is the tax return that will show the conversion of your property from personal use (schedule A probably) and into an investment property - (schedule E or schedule C of your tax return).

Boost Your Experience Level Another key consideration is your personal experience with real estate investing.

Now I am the landlord and live 2 hours away and switching the payment to be mailed to me by money order or personal checks.

The IRS has ruled that depreciation of "1245 property" (the segregated personal property) may also be deferred in a 1031 as long as there is an equivalent amount of 1245 property in the replacement property. 

Just received a personal message from a guest who just checked in last night.

We bought the place 4 years ago for about $1.3 million with a $650000 new first, 15 year at 4% fixed (btw, no personal guarantee on the loan because 50% LTV/LTC).

Since the HELOC has that rate, I would personally not want to use it now.

My experiences there tell me that personally evicting is a huge headache. 

I would personally see which market can offer you the best CORE Four and highly consider that.

“Sit empty” means not use it personally at all?