Beyond making the property habitable as expected and legally required, you should at least attempt to make the property somewhat desirable if you want good returns and lower vacancy rate.

As long as your HOA allows it, you may rent out your current condo on a month-to-month basis if you desire.

My boyfriend and I are planning on getting married in the next year and a half and have expressed a strong desire to invest in real estate together AFTER we get married.

The property is newer (built 2006) with a near perfect inspection report and in a desirable neighborhood.

Its a extremely desired area and I think I could add value to the property as well as increase rents next year.

@Thomas RichardsonAs others have stated, employing a repositioning strategy can yield very desirable results.

Also, rents are less than the new build, which makes older units very desirable.

The biggest factor when looking at my current portfolio is the aspect of property quality (often driven by good advice at purchase and good property management) and a good, desirable area that always has good tenants, in good times and bad.I hope the BP members can help me learn if Dayton is a good area and who to talk to on the property management end in case I buy 6-12 unitsThanks in advance for any help and input provided by the community

I am aggressively moving forward as a real estate investor with single family, duplex, fourplex, and apartments; unsure of best option with current residence. 1) Sell home to capture 150k plus in equity to use as capital for real estate investing2) Refinance pulling out ~40k and turn into rentalFacts: home build 2012 - est value 350k - loan balance 163k - 15yr note 2.75 rate - desirable area - 5 bed / 4 bath - rental value 2200 - prop tax 1900Forgive if I forgot pertinent info.Regards,Micheal

If we performed this transaction and acquired a replacement property and had problems with tenants or problems with our primary residence or whatever and had the need or desire to stop renting it after X number of years and instead move into it what would the impact be for the 1031 exchange?