Also if you sell now you won’t pay capital gains taxes due t stepped up basis

@Jake Stuttgen I purchased a 14 unit C class property earlier this year in Sioux Falls and the appraiser said that he was appraising these on a 7.75% Cap rate basis.

The squeaky wheel gets the oil in this business so it's important to be all over the transaction on a regular basis.

If the market were for some reason to drop, that just means to buy more and dollar cost average your basis down.

I do it on a caee by case basis.

Note: The low bid is NOT always the one to go with, price alone should not be the defining criteria as the basis or your decision to hire any one of them.Reputation, bonding, experience, schedule, timely responsiveness and the way you can or can't communicate with a sub are all elements that should be included and weighed in making your selection to hire each sub.Last and certainly not least, MAKE SURE YOU REDUCE YOUR AGREEMENT WITH EACH SUB TO A WRITTEN, CLEARLY UNDERSTOOD AGREEMENT.Since you appear to be new to this game, ask each sub to provide you with their version of a contract to accompany the bid they give you.

The benefit of a vacation rental in this area really depends on the strength of the marketing skills (photography too), the number of nights the owner plans on staying at the property and whether or not you can self-manage.Closer proximity to the beach and the number of beds will be the basis for what you can charge.

I will be sure to consider my cap ex on an individual basis.

My strategy: I host a podcast, which I promote to my connections on a daily basis by pushing new, valuable content to them.

On what basis?