The laws may be the biggest challenge in running a legitimate property management company that some self-managing investors or unaware of or occasionally don’t follow.It really goes above and beyond that to systems, operations, customer service, etc.

I should have realized this and shame on me, but do you think there is any value in challenging the assessment based on the value of the house and the historic data? 

Challenges?

With today’s challenging market and a newbie in real estate investing, I wanted to start my search initially finding a single unit where I can rent out rooms or find a multi family however I’ve often come across good deals in good locations that are overly price.

Challenges?

When I list my units in the spring months, I have so many applicants, it becomes challenging even responding to all the inquiries. 

@Edward Jackson it would be pretty challenging to go through this in a forum post.  

Proc. 2008-16, the IRS will not challenge that a property qualifies for Section 1031 gain deferral if—1. the relinquished property has been held for at least 24 months immediately preceding the exchange and in each of the two 12-month periods immediately preceding the exchange,a. the taxpayer rents the residence to another person at fair market value for at least 14 days, andb. the taxpayer does not use the property more than the greater of 14 days or 10% of the total number of days the property was used; and2. the replacement property is held for at least 24 months immediately after the exchange and in each of the two 12-month periods immediately following the exchange,a. the taxpayer rents the residence to another person at fair market value for at least 14 days, andb. the taxpayer does not use the property more than the greater of 14 days or 10% of the total number of days the property was used 

This is going to be a challenge but were gonna give it the old college try. 

My challenge is that I have heard that property management companies will not rent out a property like this by the room.