I just wonder: how much does the fact that people are 1031'ing their way into/around STRs contribute to the trajectory of the market?

Quote from @Richard F.: Aloha,Based on your comments, I would be advising to Non-Renew one or both tenants with a 60 or 90 day notice, return their full deposit if they leave it broom clean, then update your electrical, plumbing, and complete the reno to attract top of market rents.

What in the actual F***. 

We are seeing the biggest landlord in San Francisco missing payments on loans, it makes me wonder how the smaller fish are doing (foreclosure wise)     https://www.sfchronicle.com/sf/article/S-F-s-largest-landlord-defaults-on-massive-17714690.php[3] We seem to be at the top of the easy money flip market meaning the roller coaster should begin to shoot downward (for how long and how much is the question.If it does not follow this path, then the question will be why, has something changed in this this business, or is there Governmental manipulation like there is with the price of stocks.[4] Section-8 seems like it will weather this, at least the unemployed portion.

For non-occupied loans, consider BRRRR ing them maybe.  

Originally posted by @Colleen F.

The case Gregory F.

Quote from @Colleen F.: @Alon Attias put them in the right location and tell them they can't drill or move them.

Quote from @Richard F.: Quote from @Janea L.: What is the biggest reason people fail as newbies in real estate investment?

Tax Court Memo 1998-17 (Pohoski) stated the second test was not satisfied when taxpayers failed “to put forth some indication of the actual time spent by” third-party non-owners in activities on the property.3.You participated in the activity for more than 100 hours during the tax year, and you participated at least as much as any other individual (including individuals who did not own any interest in the activity) for the year.ATG Notes: If a taxpayer participates in an activity for more than 100 hours and no other individual participates more than the taxpayer (including any employee or non-owner), income or losses from the activity are non-passive.Examination Techniques: Be alert to employees who are managing the activity, indicating the taxpayer deducting the losses may not be materially participating (particularly on Form 1040 Schedules C and F).