With different municipalities I am expecting this to be a bit more lengthy for us. 

I would imagine that the hotel marks up their rates to use airbnb a little to offset their service fees, so the net is pretty close to what you would expect.

Now that you have that number figure out what your split with a broker will be the first year.

Then try to figure out if its best to have their funds go to a CRT or if we as a nonprofit can create a 403(b) plan for the investors.

so kudos to you for figuring that out. 

PM is a thankless business where you are expected to work 24/7 for pennies and every little problem has a finger pointing at the PMC.

New construction properties can qualify for significant insurance discounts, but otherwise, I generally expect insurance in this area to run a little over 1% of the property’s value if it’s in decent condition.Feel free to DM me if you’d like a good insurance contact to shop around for a better rate.

As expected, consulting with your CPA and the qualified intermediary (QI) handling the exchange is best advised.

Now we are 16 years into it and have an 8 figure net worth.

Look for books published in the last 2 years as some of the books post 2010 seem to give people unrealistic expectations.