Talk to a tax professional.

Does anyone have any good recommendations for a tax professional that knows real estate/multifamily/airbnb?

This puts us somewhere between 18-27mo pending sale.Land Acquisition: 1M + 50K in closing costsHard Costs:Demo: 50KConstruction + Architectural Plans (survey, topography, permitting included) = 1.6M + 80KPool: 100KSoft Costs:Appliance package: 50KFurnishings: 75KLandscaping: 20KAnnual Carrying Costs (utilities/property tax/maintenance): 45KTOTAL: 3,025,000.00 After speaking with two lenders, it seems the best course of action would be to put 20% down on land for 12mo/interest only.

To some extent your protections under the law change if the property is an investment.

If you just want something different, try house hacking with Airbnb/STR while you live there (and after you move out, if the laws allow). 

If I sell it outright for cash, does it invalidate the entire 1031 exchange or do I just pay tax on the 25%? 

Don't you think there would be thousands of law firms selling it? 

I'm the Tahoe Reno, NV market where the taxes are lower and more landlord friendly.

If you do this you can potentially include a higher security deposit but you want t make sure to follow state laws about that.I understand that people may be improving their credit due to life circumstances.

What are the best ways to prepare for the Law & Safety and General B license?