Hi all, I want to start the conversation about common mistakes when doing a BRRRR. 

You can do a 1031 to a TIC (tenants in commons) with your MIL, where you will both own a proportional share in the property.

Is this a common practice?

That is a very common partnership strategy, but it gets dicey a lot, especially with family.

In any event in my area the most common municipal utilities are garbage and sewer which are flat fees and I include those in the rents which is the norm in my market. 5.

•Challenges & Opportunities: What are some common challenges that investors face in this market, and are there any unique opportunities right now?

At settlement what is sold is the beneficial interest in the trust rather than the property itself.On paper the lender just sees a common estate planning tactic rather than a sale of the property.

I look forward to learning as I go, but I'd also love to hear your advice and common mistakes to avoid.

Common concerns in pre-1940s buildings include outdated plumbing, old electrical systems, and structural issues that could be costly to bring up to modern standards.

In terms of my background, we have four properties all in the same vacation rental market and we most commonly book through VRBO.