Hypothetical 1031 Exchange question here for one entity with multiple members: If you have an LLC with three people in it holding a rental and all partners decide / agree / vote to sell...

I am here because I'm interested in being a passive real estate investor and it would be a dream to manage my own portfolios of rental properties.

Hi Sharon,If you've found a good and qualified company/person to do the rental arbitrage on your property, that's fantastic!

What insurance are you all using for furnished medium term (30 days and more) private room rentals?

Hi Shane,It's generally advisable to maintain separate accounts for operational funds and rental income.

The employment GAP isn't always an issue as long as you're now a W2 employee, can show 30 days of pay stubs (not self employed), and you can provide a letter of explanation stating the cause of the employment gap.For a VA loan, in order to use the rental income from the other units you'll need:1.

I rehab for selling and rentals, I think sticking to the same products is always safe.

(I may even look into it as I get older and get tired of running rentals.... :-)

Hi Cameron, based off what you’ve explained I believe you could go several routes but a heloc would be great considering you have the equity in a rental already.

They have provided us with actual data quantifying how much a certain amenity adds to your short-term rental revenues.I tell all my STR investors/second-home buyers in Colorado to get a hot tub, for instance, but while I know you do better, it's been hard to put numbers to it.AirDNA's March report has tried to tell us how much more revenue a home with X amenity gets over a home without X amenity.