Also, I'm not sure how your numbers work out..Take a look at my post here, being a real life example why selling CAN BE much more cost effective than re-renting your personal residence:  https://www.biggerpockets.com/forums/48/topics/1169308-equit...I personally wouldn't have a rental with a pool because of the liability.As far as reinvestment, that depends on you strategy and goals. 

In this blog post, we emphasize the significance of selecting the right property investment strategy.

I'm going to help him with a full analysis so he will have better data to provide anyone as well.Thanks to the BP group for all your help in advance.

Great purchase price and value, excellent location, planned exit strategy.

Anyone who has gone through a successful ground up multifamily development please reach out, i would love to pick your brain on the process  Having just gone through a building project in the last few years in Whatcom County it is hard for me to adequately explain how difficult the County makes any kind of development.The cost for permitting and all the associated consultants for a project of any size will be quite significant and need to be budgeted for carefully with plenty of contingencies in my opinion.The strategy the county planning department uses is to make every effort to run up your costs and delays as much as possible in the hope you will give up and go away so development doesn't happen.  

Additionally, does anyone have strategies or advice on how to confirm that the reported rent is actually being collected as stated?

Any property with any interest rate and any cap rate can still have enormous upside with a value add strategy.

I noticed that quite a few other hosts only keep their calendar open for three months from today’s date.Is there a strategy behind this or is it typically just personal reasons?

I'm sure the very wealthy already have a strategy to get around this problem.   

I do get it's a strategy, and it may work, I just don't love it honestlyA 401k is hard to beat - I'm saving 32% right off the top (already hard to beat that return in RE), my employer is matching 5% (free money), the money that's not taxed now is now growing in my 401k.