We also live in the basement of this (split into an up/down duplex 11/2022.

Sure there are taxes on that each year, but no management issues, etc..Even a 1031 doesn't make sense sometimes.Keep in mind, someone might sell a $600k property with a $1 million basis if they have don't more than one 1031 in their lives!

As an agent who lives in Merritt Island and appreciates the German Pub in Cocoa Village, I agree with everything you have written.

I am looking for a first flip house investment in Newark, NJ, and I am also living in New Jersey.Please refer anyone good if you have an experience with. 

Also if you need an extra set of eyes or a second opinion on a deal, feel free to reach out.

You’ll make an extra $16k/yr.

Depending how much you earn you and how much extra time you have available you can step up those savings by getting a side-hustle in any part of real estate....working for a top Real Estate office on weeknights and weekends, working for an RE Investor, working for a General Contractor and learning a few skills, etc.

I, too, aim to be as accommodating to residents as possible.However...For my own liability protection and personal sanity, I'll only schedule our group viewings for when the resident can be physically present.For one thing, I'm a digital nomad (currently living in Colombia), so I'm likely never going to be conducting their viewing myself.But mostly, I don't want a resident claiming that some priceless heirloom went missing or got damaged after holding a showing in their absence.We'll pick a convenient time, typically 1 hour on a Saturday afternoon, and set appointments for up to 6 pre-screened buyers to take a look.

If you plan on living there a while, an extra living space would be great, but if you plan on selling it soon, I don't think it's a great investment of your time and money. 

However, if we charged $50 cleaning fee and had 10 bookings per month, that would be an extra 500 of revenue.