The city requires reoccupancy certificate every time the property exchanges hands.

My wife and I just got offered a position to manage a small building in exchange for free rent.

That includes marketing, move-in/move-out inspections, key exchanges, running a credit check each time?

Overall, this strategy is less work, less risk, and earns a higher return than the stereotypical turnkey duplex.Alternative 2: For those willing to assume more work and risk, in exchange for a higher ROI.

I don't mind giving up several percent in yield in exchange for build-in equity.

Should I do a 1031 exchange or not on this because I know its costs some money to do a 1031 exchange.

The books and podcasts by some of the "pros" that talk so highly about creative financing and specifically the master lease, make it sound so great and easy but it really does sound completely foreign to most people that I've talked to about it.  

The theory is all the foreign money will flood the condo market and buy up everything with cash.  

Nov 7th we exchange words when I try to collect the rent AGAIN.

I offered a rent discount for this month in exchange for them signing a 6 month lease extension to get me through the winter and into spring.